Erin and Deidre, Two Residents of Ithaca, New York, Are

question 82

Multiple Choice

Erin and Deidre, two residents of Ithaca, New York, are planning a trip to Boston.Erin, the sales manager for a large retailer, has to attend a business meeting.Deidre, a college student on vacation, is planning a leisurely trip to visit friends and relatives.Which of the following statements is true?

• A)An airline that price discriminates will charge Erin a higher price.
• B)An airline that price discriminates will charge Deidre a higher price.
• C)Since there is no difference in the cost of producing air travel, airlines will not charge different prices to Erin and Deidre.
• D)An airline cannot price discriminate because buyers can resell their tickets through the Internet.

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Definitions:

Positive Correlations

A statistical relationship indicating that as one variable increases, the other variable tends to increase as well.

Dental Health

The overall health and hygiene of the mouth, including teeth, gums, and the prevention of dental diseases.

Positively Correlated

A relationship between two variables where they move in the same direction, meaning as one variable increases, the other also increases.

Negatively Correlated

A relationship between two variables in which one variable increases as the other decreases, or vice versa.