Question: 1 1 ) If there are only two airlines that fly between Indianapolis and Paris, what will happen in the market for one airline if

11) If there are only two airlines that fly between Indianapolis and Paris, what will happen in the market for one airline if the other one goes out of business?
Group of answer choices
C) There will be a movement to the right along the initial demand curve.
B) The demand curve will shift to the left.
A) The demand curve will shift to the right.
D) There will be a movement to the left along the initial demand curve.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!