Why do airlines tend to lower ticket prices in the winter?
a. Supply is relatively variable, and a drop in demand lowers equilibrium price.
b. Demand is relatively variable, and a drop in supply lowers equilibrium price.
c. A drop in both supply and demand lowers equilibrium price.
d. Supply is relatively fixed, and a drop in demand lowers equilibrium price.
e. Demand is relatively fixed, and a drop in supply lowers equilibrium price.
d
Economics
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A) $118 B) $108 C) $86 D) $78
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If velocity remains relatively constant, changes in the money supply can have a predictable effect on nominal GDP
a. True b. False Indicate whether the statement is true or false
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