Multiple Choice
Which one of the following would make the demand for airline travel relatively more elastic?
A) A reliable network of long-distance high-speed trains is established.
B) There is a widespread reduction in airline fares.
C) Airline employees grant wage concessions in an attempt to cut operating costs.
D) Budget cuts for highway maintenance lead to a deterioration of the interstate freeway system.
Correct Answer:

Verified
Correct Answer:
Verified
Q102: If you are buying CD's in the
Q103: Does a change in the quality of
Q104: Would you ever spend money to purchase
Q105: The law of diminishing marginal utility asserts
Q106: If demand is unit-elastic within a price
Q108: As the price of a good _,
Q109: The more you are willing to pay
Q110: If the price elasticity of demand is
Q111: If a tax is imposed on cigarettes
Q112: The price elasticity of demand measures<br>A) changes