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Author Question: The figure above shows the market for airline tickets. If airline tickets are a normal good, then ... (Read 83 times)

craiczarry

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on: Jun 29, 2018
The figure above shows the market for airline tickets. If airline tickets are a normal good, then the recession in 2008 that caused people's incomes to decrease lead to a shift from
 
  A) D0 to D1.
  B) D1 to D0.
  C) S0 to S1.
  D) S1 to S0.

Question 2

Which of the following methods is used by unions to increase the demand for the labor of its members?
 
  A) Decrease the marginal product of union members.
  B) Support minimum wage laws.
  C) Oppose import restrictions.
  D) Decrease demand for the good produced.


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spencer.martell

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


craiczarry

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

peter

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Reply 3 on: Yesterday
Wow, this really help

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