Ceteris Paribus, If Buyers Expect the Price of Airline Tickets

question 23

Multiple Choice

Ceteris paribus, if buyers expect the price of airline tickets to fall in the future, then right now there should be

• A) An increase in the demand for airline tickets.
• B) A decrease in the supply of airline tickets.
• C) A decrease in the demand for airline tickets.
• D) No change in the supply of or demand for airline tickets because the price is not changing right now. Expectations that prices will fall will cause consumers to buy fewer tickets now and wait to purchase airline tickets later, when the price actually falls.

---

Definitions:

Scapegoats

Individuals or groups blamed for wrongs that they haven't committed, often as a way of deflecting blame from the true culprits.

Least Power

A principle suggesting that in a social relationship, the person who cares the least has the most power.

Discrimination

The unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or sex.

Prejudice

A preconceived opinion or bias against an individual or group without sufficient information, often leading to discrimination and social injustice.