Which of the Following Would Decrease the Supply of Airline

question 2

Multiple Choice

Which of the following would decrease the supply of airline travel?

• A) Reduced number of airline travelers.
• B) New airline companies beginning operations.
• C) Higher fuel costs.
• D) Lower prices for airline tickets.

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Definitions:

Reasonable Time

A period that is fair and appropriate given the circumstances, often used in contracts to define a period for the performance of an obligation.

Subjective Approach

A perspective or method that relies on personal opinions, interpretations, feelings, or tastes, rather than objective or external facts.

Contract Determination

The process of establishing the terms of a contract, including its obligations, benefits, and conditions, often through negotiation.

Enforcement

The act of compelling compliance with a law, rule, agreement, or order.