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When the other things are equal, the demand for mid-week promotional fare directed at the pleasure market is elastic.
When the other things are equal, the demand for mid-week promotional fare directed at the pleasure market is elastic.
True
Decide whether a change in demand or a change in the quantity demanded is involved in each of the following illustrations:
Competitor B offers a special promotional fare on the same route as Airline A’s. (........................... ) (from Airline A's perspective)
Decide whether a change in demand or a change in the quantity demanded is involved in each of the following illustrations: Competitor B offers a special promotional fare on the same route as Airline A’s. (........................... ) (from Airline A's perspective)
Change in demand
Decide whether a change in demand or a change in the quantity demanded is involved in each of the following illustrations:
Airline D as a regional airline increases the number of flights at a particular hub airport served by Airline A. (........................)
Decide whether a change in demand or a change in the quantity demanded is involved in each of the following illustrations: Airline D as a regional airline increases the number of flights at a particular hub airport served by Airline A. (........................)
Change in demand
A change in demand can NOT be caused by changing
A change in demand can NOT be caused by changing
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Decide whether a change in demand or a change in the quantity demanded is involved in each of the following illustrations:
Airline C lowers its price on a particular route segment and experiences an increase in the number of passengers carried. ( .................................)
Decide whether a change in demand or a change in the quantity demanded is involved in each of the following illustrations: Airline C lowers its price on a particular route segment and experiences an increase in the number of passengers carried. ( .................................)
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What effect will the following scenario have on the demand for Airline A’s passenger traffic?
Competitor E experiences a serious crash on takeoff.
What effect will the following scenario have on the demand for Airline A’s passenger traffic?
Competitor E experiences a serious crash on takeoff.
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An inverse relationship between price and quantity demanded is:
An inverse relationship between price and quantity demanded is:
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Both variable cost and fixed cost are operating costs of airlines.
Both variable cost and fixed cost are operating costs of airlines.
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When the other things are equal, the demand for the long-haul, primarily vacation flights is elastic.
When the other things are equal, the demand for the long-haul, primarily vacation flights is elastic.
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When the other things are equal, the demand for short-haul, primarily business-market flights is elastic.
When the other things are equal, the demand for short-haul, primarily business-market flights is elastic.
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Which of the following is one type of variable cost?
Which of the following is one type of variable cost?
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What effect will the following scenario have on the demand for Airline A’s passenger traffic?
Competitor B offers a special promotional fare on the same route as Airline A’s.
What effect will the following scenario have on the demand for Airline A’s passenger traffic?
Competitor B offers a special promotional fare on the same route as Airline A’s.
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