Author Question: Airlines charge a ____________ to business travelers compared to leisure travelers because business ... (Read 510 times)

fbq8i · **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.