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

Author Question: According to an article in the Wall Street Journal, unlike airlines, even elite hotels don't have ... (Read 93 times)

rlane42

  • Hero Member
  • *****
  • Posts: 594
on: Jun 29, 2018
According to an article in the Wall Street Journal, unlike airlines, even elite hotels don't have sophisticated systems that can react quickly to changes in demand. Even if they could, many hoteliers say people don't respond that much to lower rates.
 
  We've tested this, cutting our rates by 50 per night, and we didn't see an appreciable response in occupancy, says Jim Schultenover, a vice president for Ritz-Carlton.
  Source: Jesse Drucker, In Times of Belt-Tightening, We Seek Reasonable Rates, Wall Street Journal, April 6, 2001.
 
  Based on the information above, the demand for hotel rooms is
  A) perfectly elastic. B) inelastic. C) unit elastic. D) elastic.

Question 2

The total amount of consumer surplus in a market is equal to the area below the market demand curve and above the market price.
 
  Indicate whether the statement is true or false
InMicro ¦ Hubbard, O'Brien ¦ 1st 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

C.mcnichol98

  • Sr. Member
  • ****
  • Posts: 314
Reply #1 on: Jun 29, 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 25% of students answer this correctly


rlane42

  • Member
  • Posts: 594
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

cam1229

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

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?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Cell-wall structure of Gram-positive and Gram-negative bacteria. Cell-wall structure of Gram-positive and Gram-negative bacteria.
Anamorphic street painting Anamorphic street painting
Bronchogenic carcinoma. An illustration of a sectioned lung that contains tumors associated with a b Bronchogenic carcinoma. An illustration of a sectioned lung that contains tumors associated with a b
The Eye and the Eye Wall—a Closer Look The Eye and the Eye Wall—a Closer Look
The cell wall of a Gram-positive bacterium, S. aureus The cell wall of a Gram-positive bacterium, S. aureus
BPA Article BPA Article
Video: Alternative Energy Sources

For a complete list of videos, visit our video library