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
Hyacinthe Rigaud, Louis XIV, King of France.
Surface winds travel at an angle across isobars, toward low pressure.
The Kuznets Curve in England and Wales, 1823–1915
Chalk cliffs 90 meters (300 feet) high along the shore in Dover, England, were once seafloor