Quiz - 5

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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)

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. (........................)

Change in demand

A change in demand can NOT be caused by changing

Price Signup and view all the answers

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. ( .................................)

Change in the quantity demanded Signup and view all the answers

What effect will the following scenario have on the demand for Airline A’s passenger traffic?

Competitor E experiences a serious crash on takeoff.

Increase Signup and view all the answers

An inverse relationship between price and quantity demanded is:

Law of demand Signup and view all the answers

Both variable cost and fixed cost are operating costs of airlines.

True Signup and view all the answers

When the other things are equal, the demand for the long-haul, primarily vacation flights is elastic.

True Signup and view all the answers

When the other things are equal, the demand for short-haul, primarily business-market flights is elastic.

False Signup and view all the answers

Which of the following is one type of variable cost?

Flight crew expenses Signup and view all the answers

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.

Decrease Signup and view all the answers

Quiz - 5

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Questions and Answers

When the other things are equal, the demand for mid-week promotional fare directed at the pleasure market is elastic.

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: Airline D as a regional airline increases the number of flights at a particular hub airport served by Airline A. (........................)

A change in demand can NOT be caused by changing

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. ( .................................)

What effect will the following scenario have on the demand for Airline A’s passenger traffic?

Competitor E experiences a serious crash on takeoff.

An inverse relationship between price and quantity demanded is:

Both variable cost and fixed cost are operating costs of airlines.

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 short-haul, primarily business-market flights is elastic.

Which of the following is one type of variable cost?

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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Quiz - 5

Podcast Beta

Questions and Answers

When the other things are equal, the demand for mid-week promotional fare directed at the pleasure market is elastic.

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: Airline D as a regional airline increases the number of flights at a particular hub airport served by Airline A. (........................)

A change in demand can NOT be caused by changing

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. ( .................................)

What effect will the following scenario have on the demand for Airline A’s passenger traffic? Competitor E experiences a serious crash on takeoff.

An inverse relationship between price and quantity demanded is:

Both variable cost and fixed cost are operating costs of airlines.

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 short-haul, primarily business-market flights is elastic.

Which of the following is one type of variable cost?

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.

More Like This

AQA Economics AS Microeconomics Price Elasticity of Demand

Elasticity of Demand in Microeconomics

Microeconomics: Elasticity of Demand

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 B offers a special promotional fare on the same route as Airline A’s.