If There Are Only Two Airlines That Fly Between Dallas

question 62

Multiple Choice

If there are only two airlines that fly between Dallas and New Orleans,what will happen in the market for one airline if the other one goes out of business?

• A)The demand curve will shift to the right.
• B)The demand curve will shift to the left.
• C)There will be a movement to the right along the initial demand curve.
• D)There will be a movement to the left along the initial demand curve.

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Definitions:

Unified Purpose

A shared, collective goal or mission that aligns the efforts and motivations of a group or organization.

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A story compiled by an individual, recounting significant events and experiences of their life.

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The process by which individuals form their identity and self-concept through interactions and experiences.

Social World

Refers to the structure, institutions, and communities that shape social interactions and relationships among individuals and groups.