Buy custom Economics: The Airline Industry
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History
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| Number of pages / Number of words: |
10 / 2675 |
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A study was performed through a local airline with a consistent commuter market. Although regular reservations have the advantage of a guaranteed flight, locals were more inclined to opt for standby status to be able to save money on the flight (Animesh, G., 1981). Price changes i.e. standby status etc...
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Although regular reservations have the advantage of a guaranteed flight, locals were more inclined to opt for standby status to be able to save money on the flight (Animesh, G., 1981). Price changes i.e. standby status etc. seemed to be more elastic than permanent price change, but both are elastic. Fortunately, standby travel options are provided for certain flights as a suitable substitute...
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