This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Prices of commercial airline tickets (assume that this is a normal good) have fallen in recent ... (Read 181 times)

WhattoUnderstand

  • Hero Member
  • *****
  • Posts: 517
on: Jun 29, 2018
Prices of commercial airline tickets (assume that this is a normal good) have fallen in recent months. Over this same period, the price of jet fuel has risen and consumer incomes have fallen.
 
  Which of the following best explains the falling prices of airline tickets?
  A) The supply curve for airline tickets has shifted to the left while the demand curve for airline tickets has shifted to the right.
  B) The demand curve for airline tickets has shifted to the left more than the supply curve has shifted to the left.
  C) The supply curve for airline tickets has shifted to the left more than the demand curve has shifted to the left.
  D) The demand curve and the supply curve for airline tickets have both shifted to the right.

Question 2

Because Federal Reserve Notes (paper currency) are legal tender,
 
  A) U.S. creditors must accept them in payment of debts.
  B) U.S. workers must accept them as payment for labor services.
  C) U.S. firms must accept them as payment for goods and services.
  D) All of he above are correct.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

aliotak

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


WhattoUnderstand

  • Member
  • Posts: 517
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

komodo7

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Features of normal metaphase chromosomes. Features of normal metaphase chromosomes.
Retinopathy. Illustration of a normal retina (left) and a diseased retina (right). The diseased reti Retinopathy. Illustration of a normal retina (left) and a diseased retina (right). The diseased reti
Checking the voltage drop between the TP sensor ground and a good engine ground with the ignition ... Checking the voltage drop between the TP sensor ground and a good engine ground with the ignition ...
Recent history of biochemistry shown by the introduction of new techniques. (part 2) Recent history of biochemistry shown by the introduction of new techniques. (part 2)
Red blood cells with normal hemoglobin, like the three similar ones, are smooth and round Red blood cells with normal hemoglobin, like the three similar ones, are smooth and round
Nuts are also a good source of dietary fibre Nuts are also a good source of dietary fibre
Video: Phases of the ovarian cycle

For a complete list of videos, visit our video library