Ceteris paribus, if the price of jet fuel rose, what effect would it have on the market for air travel?
a. an increase in equilibrium price and an increase in equilibrium quantity.
b. an increase in equilibrium price and a decrease in equilibrium quantity.
c. a decrease in equilibrium price and an increase in equilibrium quantity.
d. a decrease in equilibrium price and a decrease in equilibrium quantity.
Question 2
The multiplier will be smaller, other things being equal:
a. the smaller the fraction of each dollar earned that goes to taxes.
b. the larger the MPC.
c. the smaller the fraction of each dollar of disposable income that goes to saving.
d. None of the above are true.
Rose window, south transept, Chartres Cathedral.
Alzheimer’s medications work by intensifying the effect of acetylcholine at the receptor.
A flex-fuel vehicle often has a yellow gas cap, which is labeled “E85/gasoline”.
A Hall-effect sensor produces a digital on-off voltage signal whether it is used with a blade or a ...
The ancestral and modern-day tomato. (b) Phenotypic effect of the fw2.2 transgene in the tomato
"The Department of Agriculture came out today with its prediction for food price