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If the demand for air travel were to change so that business travelers and vacationers have the same ...

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If the demand for air travel were to change so that business travelers and vacationers have the same ...

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.

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Microeconomics

Edition: 6^th

Author: Perloff

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TecShdw

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Llanis Author

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6 years ago

Good timing, thanks!

choih94

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This helped my grade so much Perfect

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Helped a lot

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