-The figure above shows the market for airline tickets. In early 2008 firms negotiated lower wages with their workers. This change is shown in the figure as a shift from

Question

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Negotiating lower wages reduces the cost of providing services for firms, which would increase the supply of airline tickets. This is represented by a shift from S0 to S1 in the supply curve, indicating an increase in supply.

-The Figure Above Shows the Market for Airline Tickets