Author Question: Ceteris paribus, if the price of jet fuel rose, what effect would it have on the market for air ... (Read 69 times)

renzo156

  • Hero Member
  • *****
  • Posts: 526
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.



stano32

  • Sr. Member
  • ****
  • Posts: 339
Answer to Question 1

b

Answer to Question 2

d



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

For a complete list of videos, visit our video library