Top Posters
Since Sunday
w
5
a
3
j
2
a
2
t
2
u
2
r
2
j
2
j
2
l
2
d
2
y
2
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
lotusflwr lotusflwr
wrote...
Go to Answer
Posts: 157
Rep: 0 0
2 years ago

The table below displays hypothetical demand and supply schedules for the market for overnight parcel deliveries in Canada.

Short description: A table with three main columns and six rows. Long description: The main column headers read, price in dollars, quantity demanded in millions, and quantity supplied in millions. The second and third columns have two sub-columns, each. The sub-column headers read, year 1 and year 2 for each main column. The table infers the following data. Row 1: 30, 80, 95, 140, and 125; Row 2: 26, 90, 105, 135, and 120; Row 3: 22, 100, 115, 130, and 115; Row 4: 18, 110, 125, 125, and 110; Row 5: 14, 120, 135, 120, and 105; Row 6: 10, 130, 145, 115, and 100.

TABLE 3-4

Refer to Table 3-4. Which of the following events could explain the change in the market for overnight parcel delivery between Year 1 And Year 2?



▸ The government introduced a subsidy for overnight parcel delivery.

▸ The number of suppliers of overnight parcel delivery service increased.

▸ The price of regular parcel delivery decreased.

▸ There was a decrease in the price of jet fuel.

▸ Consumer preferences changed toward a desire for overnight delivery.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
Read 45 times
1 Reply
Replies
Answer verified by a subject expert
shichihenge7shichihenge7
wrote...
#1
Posts: 142
Rep: 0 0
2 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

lotusflwr Author
wrote...

2 years ago
Correct Slight Smile TY
Cdfields
wrote...

Yesterday
Thanks
byehoe
wrote...

2 hours ago
Thanks
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1538 People Browsing
 129 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 228
  
 347
  
 335
Your Opinion
Previous poll results: Does a gender wage gap exist in America?