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In Mid-2012 Delta Increased the Price of a New York

question 337

Multiple Choice

In mid-2012 Delta increased the price of a New York to LA ticket by 10 percent. As a result of this price hike, there was a ________ shift in the demand curve for a ticket on Continental because the price of a ________ had risen.


Definitions:

Sipping Water

The act of drinking water in small mouthfuls, often recommended for health or well-being.

Alcohol Abuse

The excessive and harmful consumption of alcohol, leading to negative health and social consequences.

Tiny Blood Vessels

Refers to the small vessels such as capillaries that facilitate the exchange of water, oxygen, carbon dioxide, and many other nutrients and waste substances between blood and the tissues.

Splinter Hemorrhages

Tiny blood clots that run vertically under the nails, often indicative of an infection or other medical condition.

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