It Is Argued That Transportation Deregulation Is Good Because

question 45

Multiple Choice

It is argued that transportation deregulation is good because:

• A)​It encourages competition
• B)​It allows prices to adjust as supply,demand,and negotiations dictate
• C)​Both A and B
• D)​None of these

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Definitions:

Substitution

The act of replacing one good or service with another due to changes in price or preference.

Price Ratio

The relative price of one good or service in comparison to another, often used in economic analysis and decision-making.

Indifference Curve

A graph that shows combinations of two goods between which a consumer is indifferent, reflecting equal levels of utility for the consumer.

Total Utility

The total satisfaction or benefit received by consuming a given total amount of a good or service.