Economics Management Assignment Help

Economics Management Assignment Help

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Questions:

  1. What can you conclude from this example about the elasticity of demand for coach fares?  For first-class fares

The consumption rate varied with the changes in the prices of the products; therefore, this shows that the demand for the coach fares were highly elastic. A slight change in the price would result in the change in the consumption. Inelastic products tend to have a fairly constant demand and consumption rates despite the changes in the prices of the product.

Economics Management Assignment Help

     

  1. Do you think the higher price for a first-class seat is justified by higher costs to the airline?

Economics Management Assignment Help

  1. How do the prices differ for one day versus one-week trips?  How can you explain this?

 

  1. For the first class, do the prices differ for trips departing tomorrow versus next month?  Why or why not?
  2.  What pricing approach(es) mentioned in the chapter might the airlines be using based on your research?

 

Submit the completed table and your answers to the questions. The write-up should be 600 words (excluding the table).

Prepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.

This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.

You must proofread your paper. But do not strictly rely on your computer’s spell-checker and grammar-checker; failure to do so indicates a lack of effort on your part and you can expect your grade to suffer accordingly. Papers with numerous misspelled words and grammatical mistakes will be penalized. Read over your paper – in silence and then aloud – before handing it in and make corrections as necessary. Often it is advantageous to have a friend proofread your paper for obvious errors. Handwritten corrections are preferable to uncorrected mistakes.
Use a standard 10 to 12 point (10 to 12 characters per inch) typeface. Smaller or compressed type and papers with small margins or single-spacing are hard to read. It is better to let your essay run over the recommended number of pages than to try to compress it into fewer pages.

Likewise, large type, large margins, large indentations, triple-spacing, increased leading (space between lines), increased kerning (space between letters), and any other such attempts at “padding” to increase the length of a paper are unacceptable, wasteful of trees, and will not fool your professor.

The paper must be neatly formatted, double-spaced with a one-inch margin on the top, bottom, and sides of each page. When submitting hard copy, be sure to use white paper and print out using dark ink. If it is hard to read your essay, it will also be hard to follow your argument

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