Which of the Following Statements Is True About the History

question 213

Multiple Choice

Which of the following statements is true about the history of Southwest Airlines entering new markets?

• A)Southwest's entry caused the demand for each carrier to become more inelastic as customers increased their loyalty to particular airlines.
• B)Southwest's entry into new markets had little impact on either the markets or airlines already serving those markets.
• C)Southwest's low price strategy tapped into existing elastic demand in the market, increasing the airline's revenue.
• D)Southwest's highly inelastic supply made it difficult for them to take advantage of demand in the market.

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