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Lynna [10]
4 years ago
14

What will happen to the equilibrium price and quantity of airline fares as a result of the following two simultaneous changes (a

ssume no other changes): I. the recent recession has encouraged people to save more, so fewer people decide to go on vacation. II. higher oil prices and weather-related difficulties have increased the cost of providing airline services.
Business
1 answer:
marin [14]4 years ago
3 0

Answer:

Equilibrium quantity would increase. there would be an indeterminate effect on equilibrium price

Explanation:

If fewer people go on vacation fewer people would board planes. As a result, the demand curve for planes would shift inwards. This would lead to a decrease in equilibrium price and quantity.

As a result of the higher cost of providing services, fewer planes would be in operation. This would lead to an inward shift of the supply curve. Equilibrium price would increase and equilibrium quantity would decrease.  

Taking this two effects together, equilibrium quantity would increase. there would be an indeterminate effect on equilibrium price.

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Which of these would be a good candidate for a one-variable data table and payment function?
choli [55]
The correct option is this: CHECKING SCENARIOS WITH VARIABLE DOWN PAYMENT. 
A data table is a range of cells, which shows how changing one or two variables in one's formula can affect the value of that formula.
In excel, instead of creating several scenarios, one can create a data table with which one can quickly try out different values for formula.<span />
7 0
3 years ago
The primary benefit of taking into account a child's interests while selecting exercise activities is that the child will ______
iren [92.7K]

The primary benefit of taking into account a child's interests while selecting exercise activities is that the child will gain motivation to exercise.

     Exercise plays a significant role in the development of child's brain and body. It helps strengthen children's bones, lungs, heart and improve their coordination, posture, balance and flexibility. Participation in choosing the exercise gives the child a sense of growth and ownership. It gives a boost to their self esteem, mood and morale. The child gains an interest toward the physical activity and gives his best and is motivated to keep continuing it life long.

   Furthermore, research indicates that an active child becomes an active adults, in turn putting people away from the risk of developing life threatening conditions such as heart disease. This is why it's important to let children choose their exercise activities and train them to be fit from young age.

To learn more about benefits of exercise click here:

brainly.com/question/2662540

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5 0
2 years ago
In a small open economy, starting from a position of balanced trade, if the government increases domestic government purchases,
steposvetlana [31]

Answer:

deficit and negative

Explanation:

correct answer is deficit and negative because here as This is in line with the concept of twin deficits

where the current budget deficit is also the current account deficit resulting from the increase in government procurement. Trade deficit negative NX means negative net capital outflow    

3 0
3 years ago
Holding all other things constant, an increase in the company's required return on investment (ROI) will affect:
statuscvo [17]

Answer:

It will affect the profit after taxes of the company.

Explanation:

A higher ROI means that for the same level of investment, higher levels of return are achieved. In this case, the company's return is the profits after taxes, those that shareholders have the right to claim. Without considering variances in the level of investment, higher levels of profit can be obtained by a more significant difference between revenue and total expenses (including costs, operative expenses and depreciation and interests)

4 0
3 years ago
Heidi purchases an original work by one of her favorite sculptors from an art dealer for $8,000. After three months of waiting f
Dominik [7]

The remedy that Heidi has in this scenario is <u>D. Heidi is entitled</u> to recover the purchase price of the sculpture, as well as the money she spent to have the sculpture appraised.

<h3>What are the remedies for breach of contract?</h3>

Some of the legal remedies available to a party whose contract is <u>breached</u> are:

  • Compensatory damages
  • Specific performance
  • Contract rescission
  • Restitution.

<h3>Answer Options:</h3>

A. Heidi has no recourse in this scenario, because she accepted delivery of a non-conforming good.

B. Heidi may sue the art dealer for specific performance and require the dealer to secure the original sculpture in any way possible.

C. Heidi is only entitled to recover the money that she paid for the sculpture.

D. Heidi is entitled to recover the purchase price of the sculpture, as well as the money she spent to have the sculpture appraised.

Thus, based on the scenario, Heidi is entitled to Compensatory damages, which award the plaintiff the monetary value of what she either lost or incurred because of the breach.

Learn more about Compensatory Damages at brainly.com/question/4395083

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8 0
3 years ago
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