Airlines charge a ____________ to business travelers compared to ...

[fbq8i]

Airlines charge a ____________ to business travelers compared to leisure travelers because business travelers have a ____________ demand than leisure travelers.
 a. Higher; more elastic
  b. Higher; less elastic
  c. Lower; more elastic
  d. Lower; less elastic

Question 2

Quasi-concavity of utility functions insures that with only two goods, these goods must be:
 a. gross substitutes.
  b. gross complements.
  c. net substitutes.
  d. net complements.

[deja]

Answer to Question 1

b

Answer to Question 2

c

[fbq8i]

TYSM

[nyrave]

Excellent