An airline finds that its morning flights are half-empty, but the mid-afternoon flights are full. Which would be the MOST plausible statement for an economist to make?
A) Cut the prices of early morning flights and raise the prices of afternoon flights.
B) Nothing can be done to rectify the situation because of consumer sovereignty.
C) Fewer flights should be scheduled in the afternoon to force travelers to take morning flights.
D) Nothing can be done because travelers are inflexible with their schedules.
Correct Answer:
Verified
Q292: _ occur(s) when goods are produced at
Q293: A question whose answer is based on
Q294: A recent decision regarding the Federal Reserve's
Q295: Economists tend to look
A) at costs but
Q296: Which topic is MOST likely to be
Q298: Because of scarcity
A) resources are limitless.
B) wants
Q299: The _ of parking at school includes
Q300: Scarcity refers to the fact that
A) some
Q301: Explain the meaning of the phrase "People
Q302: What are some ways a person uses
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents