1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
abruzzese [7]
3 years ago
6

PLEASE HELP OR I WONT GRADUATE !!!! 20 points Suppose the demand for air travel decreases (as illustrated in the graph below) A

decrease in demand ___ the equilibrium price for air travel and ___ the equilibrium quantity for air travel
- decreases, decreases
- increases, increases
- decreases, increases

Social Studies
1 answer:
schepotkina [342]3 years ago
3 0

Answer:

- decreases, decreases

Explanation:

Initially travel supply and demand have their equilibrium at the intersection between the supply curve (green) and the demand curve (red) where price is P1 and quantity is Q2. When demand decreases, the quantity demanded decreases to Q1. By the law of supply and demand, when demand decreases the price tends to fall. This is what happens on this chart, where decreasing demand leads to decreasing price, now the new price is P2. Thus, the new equilibrium is the result of decreasing demand quantity and price and is established by crossing the supply curve (green) and the new demand curve (purple) at points P2 and Q1.

You might be interested in
Mrs. Anderson gave her class a quiz about the Gulf Stream. The first question asked students to draw the path of the current. Fo
erastovalidia [21]
Please provide the image to the question!
In order for me to give you the solution :)
4 0
2 years ago
_____ is a cultural orientation in which individuals belong to tightly knit social frameworks and depend strongly on extended fa
Xelga [282]

Answer: Collectivism

Explanation:

Collectivism is a political orientation associated with communism. Collectivism cultural orientation is the process by which individuals belong to tightly knit social frameworks and depend strongly on extended families or clans. It is the idea that people should prioritize the good of society over the welfare of the individual. Collectivism has to do with political theories that put the group of people before the individual interest.

8 0
3 years ago
Why was the Battle of Quebec important
ExtremeBDS [4]
The Battle of Quebec was an important part of the famous Invasion of Canada campaign during the American Revolutionary War.
3 0
3 years ago
What externalities arise from beautiful and ugly buildings and how do we deal with​ them? Beautiful buildings create a​ ________
pogonyaev

Answer:

D.

Explanation:

Beautiful buildings create a​ positive consumption​ externality, which we deal with by having competitions that encourage beautiful design and landscaping. Positive consumption externality refers to a benefit that arises from consuming a product. Which in this case is are the building designs. This leads to creativity and passion arising within individuals which motivates them to compete in creating more beautiful designs.

5 0
3 years ago
The tendency to see the beliefs, values, and customs of one’s own culture or group as “right” or “natural” is called
tia_tia [17]
It is called ethnocentrism
8 0
2 years ago
Other questions:
  • When a performer closely resembles in real life the character to be enacted, this is known as?
    7·1 answer
  • For a scientific explanation to be testable, it must also be ________.
    12·2 answers
  • According to Jean Piaget, in what stage of cognitive development are children able to understand conservation tasks?
    12·2 answers
  • Who presents their case to the jury first in a courtroom trial? a. victim b. defendent c. prosecutor
    12·2 answers
  • 1.Does animals exist in other planets?
    5·1 answer
  • In Schenck v. United States, Oliver Wendell Holmes stated that First Amendment protections did not extend to speech that did wha
    10·2 answers
  • Which statement identifies the central idea of the text justice for all by lynn rymarz 2016
    11·1 answer
  • HELP PLEASEEE. If Michigan is approximately at 45 N, and France is 45 N, what information can you infer about France's climate?
    9·2 answers
  • The ability of sugar to dissolve in water is called
    6·2 answers
  • What does a production possibilities curve represent?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!