When many passengers are flying from the United States to any country in Europe they have choices to make. Why do you think flying a Business class is more elastic that flying an economy coach in the same aircraft?

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Q: Can the supply and the demand both shift?

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Q: explain the inportance of demand analysis to business

A: Analysis of demand means acknowledging the demand of consumers in a given market for a product or…

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A:

Q: When the price of a good is too high for consumers, they look for inelastic demand O substitutes O…

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Q: Why can't the laws of supply and demand be applied in all commodities and services?

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Q: why does personal matter trip/travel has a high transport cost elasticity?

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Q: What distinguishes economic queuing from rationing

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Q: I can't seem to figure out how to fill this table out.

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