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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Definitions:

Independent Variable

In an experimental setting, the variable that is deliberately changed or manipulated to observe its effect on the dependent variable.

Dependent Variable

In research, the variable that is measured and is expected to change as a result of changes in the independent variable.

Risk Factors

Attributes, characteristics, or exposures that increase the likelihood of a person developing a disease or injury.

Susceptibility

The likelihood or predisposition to be affected by a certain condition or disease based on genetic, environmental, or psychological factors.