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Author Question: If the demand for air travel were to change so that business travelers and vacationers have the same ... (Read 177 times)

xroflmao

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on: Jul 1, 2018
If the demand for air travel were to change so that business travelers and vacationers have the same price elasticity of demand for air travel,
 
  A) airlines would charge the same price to each type of flyer.
  B) airlines would still charge business flyers a higher fare since the traveler's employer pays anyway.
  C) airlines would be driven out of business.
  D) airlines would counter by charging vacationers a higher fare.

Question 2

Suppose group price discrimination is possible; however, a firm sets the same price in each market. As a result,
 
  A) price elasticity of demand is the same in each market.
  B) the price-inelastic market will buy zero units.
  C) marginal revenue in the more price-elastic market exceeds marginal revenue in the less price-elastic market.
  D) the deadweight loss is less than if the firm price discriminated.
Microeconomics ¦ Perloff ¦ 8th Edition
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mfedorka

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Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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xroflmao

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

yeungji

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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