Assume that airline tickets are a normal good. prices of commercial airline tickets have fallen in recent months. over this same period, the price of jet fuel has risen and consumer incomes have fallen. which of the following best explains the falling prices of airline tickets?
a. the supply curve for airline tickets has shifted to the left more than the demand curve has shifted to the left.
b. the demand curve and the supply curve for airline tickets have both shifted to the right.
c. the demand curve for airline tickets has shifted to the left more than the supply curve has shifted to the left.
d. the supply curve for airline tickets has shifted to the left while the demand curve for airline tickets has shifted to the right.
Answers: 2
Another question on Business
Business, 22.06.2019 11:00
How did the contribution of the goods producing sector to gdp growth change between 2010 and 2011 a. it fell by 0.3%. b. it fell by 2.3%. c. it rose by 2.3%. d. it rose by 0.6%. the answer is b
Answers: 1
Business, 22.06.2019 12:10
Compute the cost of not taking the following cash discounts. (use a 360-day year. do not round intermediate calculations. input your final answers as a percent rounded to 2 decimal places.)
Answers: 1
Business, 22.06.2019 20:10
Peppy knows a lot about marketing, but not much about the legal or financial aspects of starting a new business. he wants to consult with a lawyer and accountant, but his budget is tight with all of the expenses involved in getting peppy's pizzazzeria up and running. peppy should: trust his basic instincts and try to put it together without the advice of lawyers and accountants. delay talking with a lawyer and accountant until the business has established a positive cash flow for at least one year. immediately hire full-time lawyers and accountants for his staff. consult with a lawyer and accountant even though the budget is tight.
Answers: 1
You know the right answer?
Assume that airline tickets are a normal good. prices of commercial airline tickets have fallen in r...
Questions
Mathematics, 10.04.2020 22:32
Mathematics, 10.04.2020 22:32
Mathematics, 10.04.2020 22:32
Mathematics, 10.04.2020 22:32
English, 10.04.2020 22:32
Mathematics, 10.04.2020 22:32
Biology, 10.04.2020 22:32
Mathematics, 10.04.2020 22:32
Social Studies, 10.04.2020 22:32
Social Studies, 10.04.2020 22:32
History, 10.04.2020 22:32
