Many Airlines Have Not Reduced or Eliminated Fuel Surcharges Despite

question 230

Multiple Choice

Many airlines have not reduced or eliminated fuel surcharges despite the price of oil dropping. A logical reason for this is that the decline in fuel prices

• A) shifted the supply curve for airline tickets to the left, and at the same time an increase in demand for airline tickets shifted the demand curve to the right, so prices did not decline.
• B) shifted the supply curve for airline tickets to the right, and at the same time a decrease in demand for airline tickets shifted the demand curve to the left, so prices still increased.
• C) shifted the supply curve for airline tickets to the right, and at the same time an increase in demand for airline tickets shifted the demand curve to the right, so prices still increased.
• D) shifted the supply curve for airline tickets to the left, and at the same time a decrease in demand for airline tickets shifted the demand curve to the left, so prices did not decline.

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Definitions:

Memory Quiz

A test or assessment designed to measure the accuracy, capacity, or recall ability of an individual's memory.

Mental Alertness

A state of being awake and responsive to stimuli, indicating an ability to think clearly and quickly.

Caffeinated Beverage

A drink that contains caffeine, a natural stimulant that is found in coffee, tea, and cacao plants, known to enhance alertness and reduce feelings of tiredness.

REM Sleep

A unique phase of sleep in mammals and birds, characterized by random movement of the eyes, low muscle tone throughout the body, and the propensity of the sleeper to dream vividly.