The Chunnel auto tunnel allows motorists to travel between England and France. As an alternative, there is ferry service across the English Channel. What would happen in the market for ferry service if fees for using the Chunnel were increased?
A) The demand for ferry service would increase.
B) The demand for ferry service would decrease.
C) There would be an upward movement along the demand curve for transits through the Chunnel.
D) There would be a downward movement along the demand curve for transits through the Chunnel.
Question 2
Governments may intervene in private markets through
A) rationing by political power.
B) price floors.
C) price ceilings.
D) all of the above.
Wild boar/domestic pig hybrid, displayed at Rothschild Museum, Tring, England
Snow Tunnel
Pont du Gard, near Nîmes, France.
Gislebertus, Last Judgment, tympanum and lintel, west portal, cathedral, Autun, France.
Airborne toxicants can travel widely
Chalk cliffs 90 meters (300 feet) high along the shore in Dover, England, were once seafloor