--%>

Problem relating to Changes in Demand

Airlines considerably decreased the number of flights accessible in the year 2005, as compared to flight availability during the year 2000. Passenger mileage was fall. Economists would be least possible to ascribe the decline in airline ticket sales throughout the early year 2000s to: (1) Modifications in tastes and preferences since of the tragedy of September 11, 2001. (2) Raises in transaction costs obliged on travelers by raised airport security.  (3) A relative decrease in the prosperity of U.S. economy. (4) Raises in the costs of driving long distances since of higher average prices for the gasoline.

What is the precise answer from the above options.

   Related Questions in Microeconomics

  • Q : Price mechanism Write down the benefits

    Write down the benefits of leaving the allocation of countries resources to price mechanism?

  • Q : Exit industry in long run at wholesale

    This purely competitive peach orchard would most likely exit this industry within the long run when the wholesale price per bushel of peaches fell below: (i) $9.00 per bushel of peaches. (ii) $10.00 per bushel of peaches. (iii) $11.00 per bushel of pe

  • Q : Positive sloped labor supply curve Can

    Can someone help me in finding out the right answer from the given options. The monopsonist in labor market faces a: (1) Totally elastic demand for labor. (2) Completely elastic supply of the labor. (3) Completely inelastic supply of the labor. (4) Positively sloped l

  • Q : Increase revenues when price falls When

    When the price elasticity of demand for fried cheesy grits at Pixie’s Breakfast Grill is two, in that case a price cut of $2.80 to $2.00 per serving of grits would be most probably to: (1) reduce Pixie’s revenues from grits by roughly fort

  • Q : Long-run supply curve in constant cost

    When cranberries are a constant cost industry and that firm is typical, in that case the industry’s long-run supply curve is curve as: (i) curve A. (ii) curve B. (iii) curve C. (iv) curve D. (v) curve E.

    Q : Price equality with marginal costs It

    It is not possible for a nondiscriminating, that profit maximizing monopolist to attain equilibrium where MR = MC as well as: (w) economic profit = 0. (x) economic profit is negative. (yz marginal costs are at the minimum of average costs [MC = ATC].

  • Q : Nonlinear kinked demand curve Within

    Within this "kinked-demand curve" model, that firm views the demand curve this faces as the: (w) linear "kinked" demand curve aD2 for all prices. (x) linear "kinked" demand curve D1D1 for all prices. (y) nonlinear "kin

  • Q : Lower market price to cover average

    When the market price is lower to cover average total costs, in that case a profit-maximizing firm will: (i) shut down instantly. (ii) continue to operate where P = MC when P > AVC. (iii) adopt newer technology. (i

  • Q : Bilateral Monopoly-Collective Bargaining

    Can someone help me in finding out the right answer from the given options. The potential range of negotiable price or wage solutions whenever both the seller and buyer contain substantial economic clout is recognized in the: (1) Bargaining model devised by the John H

  • Q : Lacking of competition-product market

    Can someone help me in finding out the right answer from the given options? The lack of competition in the product market outcomes in: (p) Less labor being appointed than if the markets were competitive. (q) More labor being hired than if the markets were competitive.