If We Seek to Explain the Number of Seats Sold

question 6

Multiple Choice

If we seek to explain the number of seats sold on a particular air route, say Toronto to Halifax, over a one- year period, we would consider many variables. Which of the following variables would be endogenous to our theory?

• A)the unemployment rate in Toronto.
• B)the number of fog days in Halifax.
• C)the number of airline seats sold on this route.
• D)the world price of oil.
• E)the price of the same trip by train

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