Ceteris paribus, if the price of jet fuel rose, what effect would it have 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
The multiplier will be smaller, other things being equal:
a. the smaller the fraction of each dollar earned that goes to taxes.
b. the larger the MPC.
c. the smaller the fraction of each dollar of disposable income that goes to saving.
d. None of the above are true.
A typical direct-injection system uses two pumps—one low-pressure electric pump in the fuel tank ...
Canister pressure should be adjusted to 5 PSI below system fuel pressure. An alternative for ...
Effect of Winds on Horizontal Transport
Effect of increasing temperature or lowering deltGo+ on the rates of reactions
Position effect, as illustrated in the eye phenotype in two female Drosophila
Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ...