The figure above shows the market for airline tickets. In early 2008 the price of jet fuel rose. This change is shown in the figure as a shift from
A) D0 to D1.
B) D1 to D0.
C) S0 to S1.
D) S1 to S0.
C
Economics
You might also like to view...
___ GDP is used to track the economy since it ___ correct for the impact of inflation (rising prices).
A. Nominal, does B. Nominal, does not C. Real, does D. Real, does not
Economics
When people who buy insurance change their behavior after the purchase because they are protected from loss by the insurance, the insurance market is said to face the problem of
A) economic irrationality. B) asymmetric information. C) adverse selection. D) moral hazard.
Economics