If Ralph rides the bus to work, which is considered an inferior good/service, after Ralph applies for and accepts a new management job at twice his old salary, he starts to make changes. Based on what you have learned about changes in income and consumer choices, what will most likely happen to Ralph's use of public transportation?
Group of answer choices:
- Ralph would discontinue riding the bus and purchase a car.
- Ralph would continue riding the bus.
- Ralph would discontinue riding the bus and switch to riding his bike.