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Sublight2097 Sublight2097
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Posts: 4132
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8 years ago
If a commercial airline starts offering maxi-saver fares at huge discounts to passengers who purchase tickets at least 30 days in advance and agree to stay over a Saturday night, what is the most likely effect upon first-class passenger service?
A) First-class fares will rise somewhat to compensate for the loss on other fares.
B) The demand for first-class service may fall somewhat because the price of a substitute good has decreased substantially.
C) The marginal cost of first-class service will rise somewhat because the total cost must be allocated among all passengers.
D) The marginal revenue from first-class service will rise somewhat because first-class service is now more clearly a superior good.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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SmooothSmoooth
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#1
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8 years ago
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Sublight2097 Author
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#2
8 years ago
I've noticed they use a lot of trickery with their questions. Thank you for your input.
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#3
8 years ago
Don't mention it Happy Dummy
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