Multiple Choice
One reason why airlines charge business travellers and leisure travellers different prices is
A) business travellers fly according to schedules that are planned months in advance.Many leisure travellers buy their tickets at the last minute.
B) business travellers usually travel alone.Leisure travellers often fly with friends and family members; therefore, they have a more inelastic demand for airline tickets than business travellers.
C) business travellers fly more often than most leisure travellers.As a result, their employers are able to bargain with airlines for lower fares than leisure travellers pay.
D) business travellers often have inflexible schedules and have to travel on a particular day.The opposite is true for leisure travellers.
Correct Answer:
Verified
Correct Answer:
Verified
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