What would not lead to an overall decrease in demand for air travel in the U.S.?
A) The fear of future terrorist attacks
B) News of lengthy security delays at airports
C) An expected decrease in airfares
D) A substantial increase in bus and passenger train fares
C
Economics
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Which of the following is least likely to be money?
A. cash or currency B. capital C. a checking account
Economics
When the supply of credit is fixed, an increase in the price level stimulates the demand for credit, which in turn reduces consumption and investment spending. This argument is called the:
a. real balances effect. b. interest-rate effect. c. net exports effect. d. substitution effect.
Economics