Consider the market for air travel. If airport fees rise and cause the price of plane tickets to rise, All answers are correct It will cause airlines to lower the number of flights they offer. It will cause consumers to travel less by plane and more by car. It will cause buyers and sellers in the market to adjust their behavior.
Consider the market for air travel. If airport fees rise and cause the price of plane tickets to rise, All answers are correct It will cause airlines to lower the number of flights they offer. It will cause consumers to travel less by plane and more by car. It will cause buyers and sellers in the market to adjust their behavior.
ChapterP2: Microeconomics Policy Issues
Section: Chapter Questions
Problem 6KC
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Question
Consider the market for air travel. If airport fees rise and cause the price of plane tickets to rise,
All answers are correct
It will cause airlines to lower the number of flights they offer.
It will cause consumers to travel less by plane and more by car.
It will cause buyers and sellers in the market to adjust their behavior.
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