Question #237358

Demand Worksheet: (pick one)

The price of airline tickets go up, demand for train tickets will (increase/decrease).

Which determinant causes this change?


Expert's answer

The price of airline tickets go up, demand for train tickets will increase.

The demand for train tickets increases because the train tickets is a substitutes for the airline tickets. Therefore, substitutes is the determinant of demand which causes this change.


Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Place free inquiry
Calculate the price
Our fields of expertise
Submit Your Assignment. We Can Do It.
LATEST TUTORIALS
APPROVED BY CLIENTS
Finding a professional expert in "partial differential equations" in the advanced level is difficult. You can find this expert in "Assignmentexpert.com" with confidence. Exceptional experts! I appreciate your help. God bless you!
Canada #340153 on Dec 2023