Air Fares Are Generally Lower on Tuesdays and Wednesdays Each

question 182

Multiple Choice

Air fares are generally lower on Tuesdays and Wednesdays each week.What is a likely explanation for this occurrence?

• A)Supply is relatively variable, and lower demand on these days leads to a lower equilibrium price.
• B)Demand is relatively variable, and lower supply leads to a lower equilibrium price.
• C)Lower levels of both supply and demand on these days lead to a lower equilibrium price.
• D)Supply is relatively fixed, and lower demand on these days leads to a lower equilibrium price.
• E)Demand is relatively fixed, and lower supply leads to a lower equilibrium price.

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