Which of the following would decrease the supply of airline travel?
A. Reduced number of airline travelers.
B. New airline companies beginning operations.
C. Higher fuel costs.
D. Lower prices for airline tickets.
Answer: C
You might also like to view...
A tradable government permit for the atmospheric release of a ton of sulfur dioxide can help reduce acid rain
a. True b. False Indicate whether the statement is true or false
If the popular television show The Bachelor is shown on pay-per-view television every Monday at 9pm, then the demand curve for each episode is given below.
If each episode were shown for free, total economic surplus would be ________.
A. $720 million B. $2,000 million C. $1,280 million D. $4,000 million
The short-run aggregate supply curve would shift and the long-run aggregate supply curve would remain fixed if
A. there was a temporary shock that influenced the supply side. B. there was a permanent increase in aggregate demand. C. there was a temporary shock to aggregate demand. D. there was a permanent increase in aggregate demand along with a permanent decrease in aggregate supply.
Refer to the above figure. Suppose E is the original equilibrium. An increase in the demand for dollars will be reflected in this figure by
A. a decrease in the supply of yen as Japan is able to pay less for U.S. goods. B. an increase in the supply of yen as Japan tries to buy more U.S. goods. C. an increase in the demand for yen as both imports and exports increase. D. a decrease in the demand for yen as the U.S. balance of payments improves.