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.
20,000 year old spotted hyena painting from the Chauvet Cave, France
A cheetah at the Whipsnade Zoo in Dagnall, England.
Red squirrel at a feeding tray in the Lake District, England.
Wave Travel
The “Big Four” world leaders meet at the Hotel Crillon in Paris, 1919. From left to right (front row
Alternative sigma factors for heat shock genes