Question: Using the concept of elasticity, explain why airlines would create such great variations in the price of a ticket depending on when it is purchased

  1. Using the concept of elasticity, explain why airlines would create such great variations in the price of a ticket depending on when it is purchased and the day and time the flight departs. Assume that some people are willing to spend time shopping for deals as well as fly at inconvenient times, but others are not. (3 marks)

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