Which of the Following Best Explains Why People Booking Airline

Multiple Choice

Which of the following best explains why people booking airline tickets just prior to their departure dates tend to pay a higher price than those that book a long time in advance?

A) Individuals booking tickets just a few days in advance tend to have a lower opportunity cost of their time.
B) Individuals booking tickets just a few days in advance tend to have a more inelastic demand for airline tickets.
C) Individuals that book tickets a long time in advance tend to have a lower demand for airline tickets.
D) Individuals booking tickets just a few days in advance tend to be businessmen whose firms are paying for their tickets so they are not concerned about the price.