Economics · May / June 2024 · Paper 11 · Question 5
2281Supply
The diagram shows a shift in the supply curve for New Zealand's airlines from S1 to S2. What is the most likely cause of this shift?
- Aa decrease in the costs of New Zealand's airlines
- Ba decrease in the number of people wanting to fly to New Zealand
- Can increase in the price of train and bus travel in New Zealand
- Dan increase in the tax on air travel in New Zealand
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Correct answer: A. a decrease in the costs of New Zealand's airlines
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