In order to encourage tourism in Goa, Indian Airlines reduces the air fare to Goa. How will it affect market demand curve for air travel to Goa?

In order to encourage tourism in Goa, Indian Airlines reduces the air fare to Goa. How will it affect market demand curve for air travel to Goa?

Introduction to Economics Economics Class 12 CBSE Value Based Questions

Ashu bhat
Jul 18, 2020
1 Answers

Answers

Manish Pore

Aug 3, 2020

There will be a downward movement along the same market demand curve for air travel to Goa. It happens because of decrease in the air fare.

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