Suppose There Is Only One Airline That Travels from One

question 68

Multiple Choice

Suppose there is only one airline that travels from one island to another. Assume that business travellers have a low elasticity of demand for air travel. Holiday travellers on the other hand are flexible and are sensitive to price. Price discrimination can occur because:

• A) business travellers have to travel.
• B) there is a monopoly.
• C) of the difference between price elasticities.
• D) there are no close substitutes.

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