Multiple Choice
If there is a prolonged downturn in U.S.passenger air travel,a number of U.S.airlines would very likely cancel some of their orders for new planes from Boeing and Airbus,among other manufacturers.The relationship between passenger air travel and the demand for new planes is referred to as
A) ultimate consumer demand.
B) derived demand.
C) manufacturer demand.
D) reseller demand.
E) the price-inelasticity of demand.
Correct Answer:
Verified
Correct Answer:
Verified
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