Airfares Are Generally Cheaper If They Include a Saturday Night

question 199

Multiple Choice

Airfares are generally cheaper if they include a Saturday night stay at the destination. This is because

• A) hotels give the airlines kickbacks to price this way.
• B) business travelers are less likely than leisure travelers to be willing to stay Saturday night away from home, and business travelers will generally have more inelastic demand for air travel.
• C) business travelers are less likely than leisure travelers to be willing to stay Saturday night away from home, and business travelers will generally have more elastic demand for air travel.
• D) this reduces the demand for travel on Saturdays, which is a high-cost day to fly airplanes.

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Definitions:

Checking Account

A bank account that allows the depositor to withdraw funds using checks or electronic debit, traditionally used for daily transactions.

Stale Check

A check that has not been cashed or deposited within a specified time, usually six months, making it void or invalid.

Bank

A financial institution that accepts deposits, offers various accounts, provides loans, and offers other financial services to individuals and businesses.

Restrictive Endorsement

A limitation placed on a check specifying the conditions under which it can be paid or transferred, often used for security purposes.