Suppose airline tickets and hotel rooms are complements. If the price of airline tickets decreases, the __________ for hotel rooms would shift ____________ . Select one: a. demand curve; rightward b. demand curve; leftward c. supply curve; leftward d. supply curve; rightward

Suppose airline tickets and hotel rooms are complements. If the price of airline tickets decreases, the for hotel rooms would shift __ . Select one: a. demand curve; rightward b. demand curve; leftward c. supply curve; leftward d. supply curve; rightward

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Suppose airline tickets and hotel rooms are complements. If the price of airline tickets decreases, the __________ for hotel rooms would shift ____________ .

Select one:

demand curve; rightward

demand curve; leftward

supply curve; leftward

supply curve; rightward

Defintion Defintion Curve that represents the graphical relationship between the total supply of goods and services and the price level in the economy. When the price level increases, producers tend to supply more of a product in the market to earn a higher revenue or vice versa.

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