Multiple Choice
If the demand for airline tickets to Fort Lauderdale is price elastic,
A) airline revenue will increase if supply increases
B) airline revenue will increase if supply decreases
C) a small change in price will cause a large shift in the demand curve
D) a large change in price will cause a small shift in the demand curve
E) a large change in price will cause a large shift in the demand curve
Correct Answer:
Verified
Correct Answer:
Verified
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