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Author Question: Ceteris paribus, the fear among travelers created by the 9-11 attacks would have what impact on the ... (Read 52 times)

pragya sharda

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on: Jun 30, 2018
Ceteris paribus, the fear among travelers created by the 9-11 attacks would have what impact 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

What is the impact of a 10 billion tax cut on consumer spending, if MPC is equal to 0.8?
 a. 50 billion
  b. 40 billion
  c. 10 billion
  d. 20 billion


ApricotDream

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

b


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