An Increase in Costs Associated with Additional Security Measures Taken

question 198

Multiple Choice

An increase in costs associated with additional security measures taken by the airlines is most likely to lead to:

• A)​a decrease in equilibrium price and a decrease in equilibrium quantity.
• B)​a decrease in equilibrium price and an increase in equilibrium quantity.
• C)​an increase in equilibrium price and a decrease in equilibrium quantity.
• D)​an increase in equilibrium price and no change equilibrium quantity.

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Definitions:

Self-worth

The evaluation of oneself in terms of value or worthiness.

Self-serving Bias

The common habit of a person taking credit for positive events or outcomes, but blaming outside factors for negative events.

Success

The achievement of set goals or the attainment of wealth, position, honors, or the like.

Efforts

The use of physical or mental energy to achieve something.