Multiple Choice
If there is a downturn in U.S.passenger air travel, a number of U.S.airlines would very likely cancel some of their orders for new planes.The relationship between passenger air travel and the need for new planes is referred to as
A) derived demand.
B) the price-quality relationship.
C) the acceleration principle.
D) price-elasticity.
E) price-inelasticity.
Correct Answer:
Verified
Correct Answer:
Verified
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