What happens in the market for airline travel when the price oftraveling by rail
ID: 1241276 • Letter: W
Question
What happens in the market for airline travel when the price oftraveling by rail decreases?
Select correct option:
The demand curve shifts left.
The demand curve shifts right.
The supply curve shifts left.
The supply curve shifts right.
What happens in the market for airline travel when the price oftraveling by rail decreases?
Select correct option:
The demand curve shifts left.
The demand curve shifts right.
The supply curve shifts left.
The supply curve shifts right.
Explanation / Answer
rail is a substitute => The demand curve shiftsleft.