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Author Question: If students' expenditures on airline travel increase as a consequence of more heavily discounted ... (Read 11 times)

jwb375

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on: Jun 29, 2018
If students' expenditures on airline travel increase as a consequence of more heavily discounted fares, students' demand for airline travel must be
 
  A) income elastic.
  B) income inelastic.
  C) price elastic.
  D) price inelastic.

Question 2

Give an example of a cyclically unemployed person.
 
  What will be an ideal response?


cuttiesgirl16

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A person who loses his or her job because of a recession is cyclically unemployed.


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