-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

Quizplus · Accepted Answer

The demand curve for Continental tickets shifted rightward because Delta's tickets, a substitute, became more expensive, leading consumers to switch to Continental.

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