Sometimes airlines raise ticket prices as the flight departure date approaches in the hope of
increasing revenue. The airlines raise their prices on the assumption that: consumer demand
becomes less price-elastic as departure time approaches consumers are not aware of airline
prices. consumer demand becomes more price-elastic as departure time approaches consumer
demand is unrelated to prices Question 9 (Mandatory) (2 points) If your income increases and
your consumption of bagels increases, other things equal, bagels are considered: an inferior good
a substitute good. a Giffen good..
Sometimes airlines raise ticket prices as the flight departu.pdf
1. Sometimes airlines raise ticket prices as the flight departure date approaches in the hope of
increasing revenue. The airlines raise their prices on the assumption that: consumer demand
becomes less price-elastic as departure time approaches consumers are not aware of airline
prices. consumer demand becomes more price-elastic as departure time approaches consumer
demand is unrelated to prices Question 9 (Mandatory) (2 points) If your income increases and
your consumption of bagels increases, other things equal, bagels are considered: an inferior good
a substitute good. a Giffen good.
