Solution-What happens to the demand curve for air

What happens to the demand curve for air transportation

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Reference no: EM13505024

Explain what happens to the demand curve for air transportation between New York City and Washington, D.C., as a result of the following events:

a. The income of households in metropolitan New York and Washington, D.C., increases 20%.

b. The cost of a train ticket between New York City and Washington, D.C., is reduced 50%.

The price of an airline ticket decreases 20%.

Reference no: EM13505024

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What happens to the demand curve for air transportation

Reference no: EM13505024

Reference no: EM13505024

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