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Other Fields Homework Help Economics Topic started by: Llanis on Oct 18, 2017



Title: If the demand for air travel were to change so that business travelers and vacationers have the same ...
Post by: Llanis on Oct 18, 2017
If the demand for air travel were to change so that business travelers and vacationers have the same price elasticity of demand for air travel,
A) airlines would charge the same price to each type of flyer.
B) airlines would still charge business flyers a higher fare since the traveler's employer pays anyway.
C) airlines would be driven out of business.
D) airlines would counter by charging vacationers a higher fare.


Title: Re: If the demand for air travel were to change so that business travelers and vacationers have the ...
Post by: TecShdw on Oct 18, 2017
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