Airline passengers who fly on aircraft benefit from the specialization and trade that occurs between plane manufacturers since airlines can offer more routes at lower prices. This statement is True.
<h3>What is Airline?</h3>
- An airline is a business that offers passenger and cargo air transportation services.
- Airlines utilize planes to provide these services, and they may join forces with other airlines to fly the same flight under a codeshare arrangement.
- Typically, an air operating certificate or license issued by a governmental aviation organization serves as recognition for airline firms.
- Airlines may operate on a scheduled or a charter basis.
<h3>What is aircraft?</h3>
- A machine or vehicle that can fly by drawing assistance from the air is called an aircraft.
- It uses either static lift, dynamic lift from an airfoil, or, in a few rare instances, the downward thrust from jet engines to counteract the pull of gravity.
- Aeroplanes, helicopters, airships (including blimps), gliders, paramotors, and hot air balloons are a few examples of common types of aircraft.
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Answer:
d. Consumers have experienced an increase in income, and beef-production technology has improved.
Explanation:
Beef is a normal good. You observe that both the equilibrium price and quantity of beef have fallen over time.
The most likely economic explanation that would be most consistent with this observation is that Consumers have experienced an increase in income, and beef-production technology has improved.
Firstly, in relation to increase in income, as income increases certain normal goods are less demanded making them inferior goods. Hence both the equilibrium price and quantity of beef or any such product will fall over time.
In the case of beef, because of health considerations, consumers will stay away from it as their income increases because they will seek for healthier options like fish which they may not have been able to afford before.
Secondly, in relation to improved beef-production technology, beef supply will definitely increase with such improved technology, implying that supply will outweigh demand and the natural reaction will be a fall in equilibrium price.
Sorry idk the answers i’m just trying to ask my questions... sorry
I think it is cash memos, sorry if I’m wrong.