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 the 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.
Correct Answer:
Verified
Correct Answer:
Verified
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