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Author Question: Airlines charge a ____________ to business travelers compared to leisure travelers because business ... (Read 518 times)

fbq8i

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on: Jul 1, 2018
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.


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deja

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Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

c


fbq8i

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

cici

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Reply 3 on: Yesterday
Excellent

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