Multiple Choice
During the summer of 1978, the airlines had a large increase in revenues after introducing a large number of bargain fares.Which of the following is a possible explanation?
A) Demand was price inelastic.
B) Demand was price elastic.
C) The demand curve had shifted leftward.
D) All the above.
E) None of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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