Why do airlines often charge students and vacationers a lower price than business travelers?
A) It is cheaper to provide airline service to students and vacationers than to business travelers.
B) The demand of business travelers is generally more elastic than the demand of students and vacationers.
C) The demand of students and vacationers is generally more elastic than the demand of business travelers.
D) Airlines prefer to deal with students and vacationers rather than business travelers.
Correct Answer:
Verified
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