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.
c
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Suppose that when the price of raspberries increases, Lonnie increases his purchases of papayas. To Lonnie
A) raspberries and papayas are complements. B) raspberries and papayas are inferior goods. C) raspberries and papayas are normal goods. D) raspberries and papayas are substitutes.
Refer to the figure below. What is the price elasticity of demand when the price of rice is $3 per pound? 
A. 2 B. 0.5 C. 0.75 D. 0.67
Which of the following would cause the short-run aggregate supply curve to shift to the right?
A. increases in government regulation B. an increase in taxes C. higher energy prices D. retired workers reentering the labor force
Looking at ratios like debt to GDP ratios is useful for evaluating the sustainability of government debt
A) because it provides information of the size of the debt relative to the size of an important tax base B) because if debt exceeds GDP, it is obviously unsustainable C) because GDP is our best measure of total assets available in the economy D) because ratios are always more informative than raw levels