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Prices of commercial airline tickets (assume that this is a normal good) have fallen in recent month

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Prices of commercial airline tickets (assume that this is a normal good) have fallen in recent month

Prices of commercial airline tickets (assume that this is a normal good) have fallen in recent months. Over this same period, the price of jet fuel has risen and consumer incomes have fallen. Which of the following best explains the falling prices of airline tickets?
A) The supply curve for airline tickets has shifted to the left while the demand curve for airline tickets has shifted to the left.
B) The demand curve for airline tickets has shifted to the left more than the supply curve has shifted to the left.
C) The demand curve and the supply curve for airline tickets have both shifted to the right.
D) The supply curve for airline tickets has shifted to the left more than the demand curve has shifted to the left.

Textbook

Essentials of Economics

Edition: 4^th

Authors: Hubbard, O'Brien

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Tidy Author

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8 years ago

I appreciate what you did here, answered it right Smiling Face with Open Mouth

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