« previous next »

Author Question: Ceteris paribus, the fear among travelers created by the 9-11 attacks would have what impact on the ... (Read 61 times)

pragya sharda

  • Hero Member
  • *****
  • Posts: 566
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

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

b


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Stronger threads are created by cold rolling a heat-treated bolt blank instead of cutting the ... Stronger threads are created by cold rolling a heat-treated bolt blank instead of cutting the ...
A typical 1/2 inch drive air impact wrench. The direction of rotation can be changed to loosen or ... A typical 1/2 inch drive air impact wrench. The direction of rotation can be changed to loosen or ...
A typical battery-powered 3/8 inch drive impact wrench. A typical battery-powered 3/8 inch drive impact wrench.
The impact of industry and manufacturing on our life The impact of industry and manufacturing on our life
The ability of a community to cope, adapt to, and mitigate the accelerating impact of climate change The ability of a community to cope, adapt to, and mitigate the accelerating impact of climate change
In 1994 a team of German physicists created an atom of Element 110. If the atom In 1994 a team of German physicists created an atom of Element 110. If the atom
Video: Congenital Heart Defects Animation

For a complete list of videos, visit our video library