Business, 22.02.2022 14:00, alexisbcatlett14
HELP ASAP According to an article in the Wall Street Journal, between 1998 and 2018, the number of non stop coast-to-coast flights in the United States more than doubled at the same time that tho price of a ticket declined.
(Source: Scott McCartney, "The Rare Case Where Airlines and Passengers Both Win," Wall Stroof Journal, March 28, 2018,)
Briefly explain whether the scenario can account for this outcome.
The demand for coast-to-coast flights decreased during this period, while the supply of flights increased
This scenario
A. can account for the quantity of coast-to-coast flights increasing at tho same time that the price was decreasing if the increase in supply is small onough relative to the decrease in demand.
B. can't account for the outcome of the quantity of coast-to-coast fights increasing at the same time that the price was decreasing because the quantity will always be lower in this scenario.
C. accounts for the quantity of coast-to-coast flights increasing at the same time that the price was decreasing, irrespective of the relativo size of the shifts of supply and demand,
D. can account for the quantity of coast-to-coast flights increasing at the same time that the price was decreasing if the increase in supply is large enough relative to the decrease in demand.
The demand for coast-to-coast flights increased during this period, while the supply of flights decreased.
This scenario
A. can't account for the quantity of coast-to-coast flights increasing at the same time that the price was decreasing because an increase in demand and a decrease in supply will both push the price higher
B. accounts for the quantity of coast-to-coast flights increasing at the same time that the price was decreasing, irrespective of the relative size of the shifts of supply and demand.
C. can't account for the quantity of coast-to-coast flights increasing at the same time that the price was decreasing because an increase in demand and a decrease in supply will both push the quantity lower
D. can account for the quantity of coast-to-coast flights increasing at the same time that the price was decreasing if the increase in demand is large enough relative to the decrease in supply
Answers: 2
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HELP ASAP According to an article in the Wall Street Journal, between 1998 and 2018, the number of n...
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