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:

Catalog Phone Banks

Call centers dedicated to handling orders and inquiries for products listed in catalogs, providing customer service and sales support.

Inside Order Takers

Employees within a company who manage orders from customers or clients, typically working from an office rather than the field.

Outside Order Takers

Outside order takers are sales personnel who visit customers or potential clients in their place of business or residence to take orders directly.

Replenish Inventory

The process of restocking products or materials in a business to ensure an adequate supply for ongoing operations or customer demand.