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 109 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
Excellent

cam1229

  • Member
  • Posts: 329
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Polyps and polyposis. A polyp is a protruding growth from a mucous membrane lining a hollow organ. I Polyps and polyposis. A polyp is a protruding growth from a mucous membrane lining a hollow organ. I
The Eye and the Eye Wall—a Closer Look The Eye and the Eye Wall—a Closer Look
Wall of the Colon Wall of the Colon
Paradoxical Movement of the Chest Wall Seen in Flail Chest Paradoxical Movement of the Chest Wall Seen in Flail Chest
Dry outgrowths of the ovary wall of a maple (Acer) fruit form “wings” that catch the wind and ... Dry outgrowths of the ovary wall of a maple (Acer) fruit form “wings” that catch the wind and ...
Video: Second Messengers in the Inositol-lipid Signaling Pathway

For a complete list of videos, visit our video library