Describe the probable shifts in the demand curves for a. Airplane trips when airlines' on-time performance improves
Question:
a. Airplane trips when airlines' on-time performance improves
b. Automobiles when airplane fares double
c. Automobiles when gasoline prices double
d. Electricity when the average temperature in the United States rises during a particular year
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (10 reviews)
a Increase shift to the right Airplane trips are more attractive when the...View the full answer
Answered By
Ajeet Singh
Professional, Experienced, and Expert tutor who will provide speedy and to-the-point solutions.
I have been teaching students for 5 years now in different subjects and it's truly been one of the most rewarding experiences of my life.
I have also done one-to-one tutoring with 100+ students and help them achieve great subject knowledge.
I have expertise in computer subjects like C++, C, Java, and Python programming and other computer Science related fields.
Many of my student's parents message me that your lessons improved their children's grades and this is the best only thing you want as a teacher. I have done plenty of studying and lots of learning on many exciting and challenging topics. All these experiences have influenced my decision to take on the teaching role in various capacities. As a tutor, I am looking forward to getting to understand your needs and helping you achieve your academic goals. I'm highly flexible and contactable. I am available to work on short notice since I only prefer to work with very small and select groups of students.
4.90+
7+ Reviews
15+ Question Solved
Related Book For
Economics Principles and Policy
ISBN: 978-0538453653
12th edition
Authors: William J. Baumol, Alan S. Blinder
Question Posted:
Students also viewed these Economics questions
-
Explain how the demand curves for normal products and for prestige products differ. What are demand shifts and why are they important to marketers? How do firms go about estimating demand? How can...
-
a. The aggregate-demand curve slopes downward because it is the horizontal sum of the demand curves for individual goods. b. The long-run aggregate-supply curve is vertical because economic forces do...
-
The graph that accompanies this question illustrates two demand curves for a firm operating in a differentiated product oligopoly. Initially, the firm charges a price of $60 and produces 10 units of...
-
Below are batting averages of the New York Yankees players who were at bat ve times or more in 2006. (a) Construct a frequency distribution. Explain how you chose the number of bins and the bin...
-
Refer to the transactions of Chow Company in P6-3C. In P6-3C, At the beginning of June, Chow Company has a balance in inventory of $2,100. The following transactions occur during the month of June....
-
The Cobb-Douglas production function and the steady state This problem is based on the material in the chapter appendix. Suppose that the economy's production function is given by \[ Y=K^{\alpha}...
-
What is the primary reason power must be added in a turn to maintain airspeed?
-
How do manufacturing costs flow through inventory accounts?
-
Identify a personal economic decision that was driven by a behavioral bias rather than by pure rational behavior. Given your understanding of behavioral economics, how would your decision differ...
-
Compare and contrast the feminist views of Simone de Beauvoir, Charlotte Perkins, and Audre Lorde. In what way do you think the time-frame in which they wrote impacted their views?
-
What variables other than price and advertising are likely to affect the quantity demanded of a product?
-
Taxes on particular goods discourage their consumption. Economists say that such taxes "distort consumer demands." In terms of the elasticity of demand or elasticity of supply for the commodities in...
-
(a) What is a function of two variables? (b) Describe three methods for visualizing a function of two variables.
-
Giving a test to a group of students, the grades and gender are summarized below A B C Total Male Female 10 3 15 28 8 20 19 47 Total 18 23 34 75 If one student is chosen at random, Find the...
-
4. Find the basis of R2 in which coordinates of the vector v = [2,-5] are (3, 1). 5. Find the basis of R3 in which coordinates of the vector v = [1,6,-4] are (1, 2, 4).
-
(Barke) Consider an M/M/1, M/M/e or M/M/ quese with arrival rate. In the steady state, the deportarea from the system forma Poisson process with rate X, independently of a (so long as X)....
-
K A universal set U consists of 16 elements. If sets A, B, and C are proper subsets of U and n(U) 16, n(An B) = n(An C) = n(BNC) = 6, n(AnBn C) = 2, and n(A UBU C) = 14, determine each of the...
-
1. Show that 23(4x+4)=4(2-3)+20 2. Show the equation below in a Sigma operator notation: (ay+4)+(ay +5)+ (ay +6) + (ay +7) + (ay +8) + (ay +9)
-
Pavlina borrowed $15,000 from the bank and signed a 3-year, 6% instalment note payable with fixed annual principal payments. She wants to know how to calculate what the annual fixed principal payment...
-
Find the image of x = k = const under w = 1/z. Use formulas similar to those in Example 1. y| y = 0 -21 -2 -1 -1, /1 12 T -1 -1 y= -2 x =0
-
Consider the market for beef discussed in this chapter. Suppose that the government decides to fight cholesterol by levying a tax of 50 cents per pound on sales of beef. Follow these steps to analyze...
-
The demand and supply curves for T-shirts in Tourist town, U.S.A., are given by the following equations: Q = 24,000 500P Q = 6,000 1,000P Where P is measured in dollars and Q is the number of...
-
You probably use aggregates frequently in everyday discussions. Try to think of some examples. (Here is one: Have you ever said, The students at this college generally think . . .? What, precisely,...
-
Electric energy units are often expressed in "kilowatt-hours." (a) Show that one kilowatt-hour (k Wh) is equal to 3.6 x 10 J. (b) If a typical family of four uses electric energy at an average rate...
-
What are the ethical and safety implications of deadlocks in critical infrastructure systems, such as power grids or medical devices, and what measures can be taken to ensure high reliability and...
-
Discuss the economic rationale for fiscal decentralisation with reference to the Tiebout model. How would you characterise the empirical support for the model's implications?
Study smarter with the SolutionInn App