-In mid- 2008 Delta increased the price of a New York to LA ticket by 10 percent. As a result of this price hike, there was a shift in the demand curve for a ticket on Continental because the price of a had risen.

Question

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When Delta increased its ticket prices, consumers likely shifted their demand to Continental as a substitute, causing a rightward shift in the demand curve for Continental tickets.

-In Mid- 2008 Delta Increased the Price of a New