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

Author Question: Airlines charge a ____________ to business travelers compared to leisure travelers because business ... (Read 471 times)

fbq8i

  • Hero Member
  • *****
  • Posts: 527
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

deja

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

c


fbq8i

  • Member
  • Posts: 527
Reply 2 on: Jul 1, 2018
:D TYSM

FergA

  • Member
  • Posts: 352
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Hydronephrosis. Normal kidney (left) and kidney with hydronephrosis (right) are compared. Note the d Hydronephrosis. Normal kidney (left) and kidney with hydronephrosis (right) are compared. Note the d
Mosaic of Charge-Coupled Devices (CCDs) Mosaic of Charge-Coupled Devices (CCDs)
That politics was always a rough business is shown in this cartoon, which shows Lincoln, assisted by That politics was always a rough business is shown in this cartoon, which shows Lincoln, assisted by
Anatomy Of The Eye - The eye can be compared to a camera. Anatomy Of The Eye - The eye can be compared to a camera.
Inflated Phrases Compared with Concise Terms Inflated Phrases Compared with Concise Terms
Business Math Business Math
Video: First Stage of Labor and Delivery Video

For a complete list of videos, visit our video library