--%>
Assignment Help - homework help

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 : Goals of the Firm-Profit Maximization

    The supposition that firms try to maximize the profits: (i) Is the beginning point for most of the economic analyses of how firms function. (ii) Can be wrong for the cases in which the professional corporate managers maximize their own self interests rather than the i

    		•
  • Q : Help In the quintile distribution of

    In the quintile distribution of income, the term "quintile" represents

    		•
  • Q : Labor Unions and Aggregate Wage Income

    Can someone help me in finding out the right answer from the given options. The least likely outcome when unions succeed in increasing their member’s wages is that: (i) Wages in non-union sectors will drop. (ii) Employment will grow in the non-union sectors. (ii

    		•
  • Q : Problem on Long-Run Adjustments Since

    Since longer time intervals are considered, the quantities demanded for most goods become __________ to any modification in price. (1) Directly related. (2) Less responsive. (3) Less enamored. (4) Indifferent. (5) More responsive.Find out the right answer from t

    		•
  • Q : Profit-maximizing lumber on the average

    On the average, that profit-maximizing lumber mill as in demonstrated graph is: (w) making an economic profit of regarding $0.20 (20¢) per 2×4. (x) incurring variable costs of $0.90 (90¢) per 2×4. (y) suffering an accounting loss

    		•
  • Q : Distribution of income-inequitable

    Reliance on private demands and supplies to allocate resources and goods is least specific to yield an economically inefficient solution when: (i) producers have significant monopoly power. (ii) a good is nonrival and

    		•
  • Q : Make economic profits by

    A profit-maximizing monopolist will certainly be capable to generate economic profits when, at certain level of output: (w) average fixed costs [AFC] are very high. (x) average total costs [ATC] lies above the demand curve. (y) averag

    		•
  • Q : Deterrent Give me answer of this

    Give me answer of this question. Which one of the following is presently a major deterrent to bank panics in the United States? A) the legal reserve requirement B) the fractional reserve system C) the gold standard D) deposit insurance

    		•
  • Q : Least possible cost for primary economy

    The least possible costs of alternative outcomes to the primary economic question of “what?” can be represented with the production possibilities curve through: (1) The slopes of movements all along the curve. (2) Shifting the curve up by

    		•
  • Q : Copyright laws for legal barriers to

    Copyright laws are least helpful in protecting the work of people who generate original: (i) lyrics and music. (ii) films. (iii) computer code. (iv) scientific theories. (v) poems or novels. How can I solve my Economics