As a result of the September 11, 2001 terrorist attacks, newregulations were imp

Question

As a result of the September 11, 2001 terrorist attacks, newregulations were imposed that required airlines to adopt morecostly security measures. Other things constant, how would thisincrease in the cost of providing air travel security affect thesupply of air travel? A.   Higher security cost would result inan increase in the supply of air travel. B.   Higher security cost would result in areduction in the supply of air travel. C.   Higher security cost would not affectthe supply of air travel. D.   Higher security cost would shift thesupply curve of air travel to the right. As a result of the September 11, 2001 terrorist attacks, newregulations were imposed that required airlines to adopt morecostly security measures. Other things constant, how would thisincrease in the cost of providing air travel security affect thesupply of air travel? A.   Higher security cost would result inan increase in the supply of air travel. B.   Higher security cost would result in areduction in the supply of air travel. C.   Higher security cost would not affectthe supply of air travel. D.   Higher security cost would shift thesupply curve of air travel to the right. A.   Higher security cost would result inan increase in the supply of air travel. B.   Higher security cost would result in areduction in the supply of air travel. C.   Higher security cost would not affectthe supply of air travel. D.   Higher security cost would shift thesupply curve of air travel to the right.

Explanation / Answer

B.   Higher security cost would result in a reduction in the supplyof air travel. Higher input cost= reduce in supply B.   Higher security cost would result in a reduction in the supplyof air travel.

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