If students' expenditures on airline travel increase as a consequence of more heavily discounted fares, students' demand for airline travel must be:
CA Foundation · Business Economics · MTP · January 2025
If students' expenditures on airline travel increase as a consequence of more heavily discounted fares, students' demand for airline travel must be:
Suggested Answer and Working Notes:
Correct Answer: Option (D)
D. price inelastic
Topics: Public Finance
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