Question

Travel agents have been displaced by people being able to book their own travel plans online. This is an example of

a. the wage effect.
b. the reinstatement effect.
c. the displacement effect.
d. the substitution effect.

Answer 1

B , because I said so

Answer 2

The displacement effect occurs when a new technology or method replaces the need for certain jobs or services.

Step-by-step explanation:

The scenario described in the question is an example of the displacement effect. This effect occurs when a new technology or method replaces the need for certain jobs or services. In this case, the ability for people to book their own travel plans online has resulted in a decrease in the demand for travel agents, leading to their displacement.