Is a business person's demand for air travel likely to be relatively elastic or inelastic? Is a
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Question:
- Is a business person's demand for air travel likely to be relatively elastic or inelastic? Is a vacationer's demand for air travel likely to be relatively elastic or inelastic?
- What other factors related to pricing are most important to JetBlue's management when making pricing decisions?
Expert Answer:
A business persons demand for air travel is likely to be relatively inelastic This means that changes in the price of air travel will have a smaller i... View the full answer
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