Multiple Choice
The table below displays hypothetical demand and supply schedules for the market for overnight parcel deliveries in Canada. TABLE 3-4 Refer to Table 3-4.Which of the following statements describes a likely event in the market for overnight parcel delivery? From Year 1 to Year 2,
A) there was a rise in the price of jet fuel.
B) there was a decrease in consumers' income.
C) there was an improvement in technology for tracking overnight parcels.
D) the price of regular parcel delivery decreased.
E) the number of suppliers of overnight parcel delivery service increased.
Correct Answer:

Verified
Correct Answer:
Verified
Q152: Consider the global market for some mineral,X.In
Q153: If the price of tea falls and
Q154: Tickets for music concerts that are sold
Q155: To say that the supply curve is
Q156: Which statement best describes the "law of
Q158: Ceteris paribus means<br>A)other things being equal.<br>B)and so
Q159: Which of the following pairs of goods
Q160: The table below displays hypothetical demand and
Q161: The supply and demand schedules for dozens
Q162: The supply for some good or service