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:

Corporate Debts

Financial obligations or borrowings incurred by corporations, typically involving bonds or loans, used for business operations or expansions.

Corporation Dissolved

The process by which a corporation formally ceases operations, liquidates its assets, and terminates its legal existence.

Various Ways

This term indicates the presence of multiple methods or approaches to achieve a goal or solve a problem.

Reverse Share Split

A corporate action where a company reduces the total number of its outstanding shares to increase the per-share value of the stock, without changing the company's market capitalization.