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:

Waking Thoughts

The thoughts and mental processes that occur during the state of being awake.

Hidden Observer

A hypothetical part of the mind proposed by Ernest Hilgard to explain phenomena such as hypnotic pain reduction, suggesting an aspect of the self remains aware but detached from the hypnotized state.

Hypnotized Person

An individual who is in a state of hypnosis, characterized by increased suggestibility, relaxation, and altered consciousness.

Mind

The aspect of an individual that enables them to be aware of the world and their experiences, to think, and to feel; the faculty of consciousness and thought.