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Author Question: An article in the Wall Street Journal noted the following: Instead of relying on a full-coach, ... (Read 130 times)

serike

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An article in the Wall Street Journal noted the following: Instead of relying on a full-coach, round-trip unrestricted fare of about 2,000 between Cleveland and Los Angeles ...
 
  Continental Airlines since June has offered a 716 unrestricted fare in that market .... Through October, the test resulted in about the same revenue that Continental thinks it would have collected with its higher fare.
  Source: Scott McCartney, Airlines Try Cutting Business Fares, Find They Don't Lose Revenue, Wall Street Journal, November 22, 2002.
 
  What is the absolute value of the price elasticity of demand on this airline route?
  A) less than 1 B) approximately 1 C) greater than 1 D) 0

Question 2

When economists refer to the brain drain in developing countries what do they mean?
 
  What will be an ideal response?


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Loise Hard

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serike

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review


xiazhe

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Reply 3 on: Yesterday
:D TYSM

 

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