Airlines That Engage in Price Discrimination Charge Lower Prices to Vacation

question 265

Multiple Choice

Airlines that engage in price discrimination charge lower prices to vacation travelers because their _____ is more _____ than that of other travelers.

• A)demand;elastic
• B)demand;inelastic
• C)supply;elastic
• D)supply;inelastic

---

Definitions:

Absorb Information

To absorb information means to take in and understand data and concepts, often leading to the retention and application of new knowledge.

Functional Animation

A feature in interface design where animations are used to enhance the user experience by providing visual feedback and aiding in the understanding of tasks.

Sequences

Ordered series or arrangements where elements follow a specific, logical pattern or succession.

Procedures

Established ways of performing tasks or operations, often documented in step-by-step instructions.