Ceteris Paribus, If Negotiations Lead to Lower Wages for Airline

question 77

Multiple Choice

Ceteris paribus, if negotiations lead to lower wages for airline employees, what will be the result in the market for air travel?

• A)​an increase in equilibrium price and an increase in equilibrium quantity
• B)​an increase in equilibrium price and a decrease in equilibrium quantity
• C)​a decrease in equilibrium price and an increase in equilibrium quantity
• D)​a decrease in equilibrium price and a decrease in equilibrium quantity

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