Why Do Airlines Tend to Lower Ticket Prices in the Winter

question 214

Multiple Choice

Why do airlines tend to lower ticket prices in the winter?

• A)Supply is relatively variable, and a drop in demand lowers equilibrium price
• B)Demand is relatively variable, and a drop in supply lowers equilibrium price.
• C)A drop in both supply and demand lowers equilibrium price.
• D)Supply is relatively fixed, and a drop in demand lowers equilibrium price.
• E)Demand is relatively fixed, and a drop in supply lowers equilibrium price.

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