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Answer to Question #237358 in Economics for CCW

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?


1
Expert's answer
2021-10-07T13:24:27-0400

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.


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