This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If the demand for air travel were to change so that business travelers and vacationers have the same ... (Read 105 times)

xroflmao

  • Hero Member
  • *****
  • Posts: 515
on: Jul 1, 2018
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.

Question 2

Suppose group price discrimination is possible; however, a firm sets the same price in each market. As a result,
 
  A) price elasticity of demand is the same in each market.
  B) the price-inelastic market will buy zero units.
  C) marginal revenue in the more price-elastic market exceeds marginal revenue in the less price-elastic market.
  D) the deadweight loss is less than if the firm price discriminated.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mfedorka

  • Sr. Member
  • ****
  • Posts: 324
Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 56% of students answer this correctly


xroflmao

  • Member
  • Posts: 515
Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

apple

  • Member
  • Posts: 352
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
Did you know?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

Bonding Partners and Energy May Change in a Chemical Reaction Bonding Partners and Energy May Change in a Chemical Reaction
Two modes of evolutionary change. Two modes of evolutionary change.
Rate of Residential Change, Past Year, in the United States Rate of Residential Change, Past Year, in the United States
Nursing Interventions and Prochaska's Stages of Change Nursing Interventions and Prochaska's Stages of Change
Demographic change and the effect on people social, and economic life Demographic change and the effect on people social, and economic life
Global Climate Change Global Climate Change
Video: Homeostasis (range of body conditions, normal limits, mild stresses & severe stresses)

For a complete list of videos, visit our video library