A researcher in a university notices that the price of flights to holiday destinations tends to be

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A researcher in a university notices that the price of flights to holiday destinations tends to be much higher outside semester dates. They formulate a theory to explain this phenomenon. Has the researcher arrived at the theory by induction or deduction? What steps might the researcher take to apply scientific method to test the theory?

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Economics

ISBN: 9781473768543

5th Edition

Authors: Gregory Mankiw, Mark P. Taylor

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