If You Try and Book a Flight from Vancouver to Toronto

question 62

Essay

If you try and book a flight from Vancouver to Toronto for departure today you will find that the price is significantly higher than if you want to depart in three weeks. The marginal cost of both of these flights is the same so what explanation can you offer to the different prices.

---

Definitions:

Divergent Boundary

A tectonic plate boundary where two plates are moving away from each other, leading to the creation of new crust.

Transform Boundary

A type of plate boundary where two tectonic plates slide past each other horizontally, often associated with earthquakes.

Mantle

The layer of the Earth between the crust and the outer core, composed of silicate rocks that are rich in magnesium and iron.

Melting

The process of changing from a solid to a liquid state due to an increase in temperature and/or a decrease in pressure.