What or who forces the legacy airlines to lower fares

Assignment Help Business Economics

Reference no: EM13818200

In 2013, American Airline wa charging $ 2,386 for round trip, non-stop and unresticted ticket between Boston and Dallas, but the price has been cut in half to $ 1, 698. (1) What can you say about the price elassticity of business travel damand on those routes? (2) Why do you thnk the so called legacy airlines decided to establish the new fares for business traveler. What or who forces the legacy airlines to lower fares?

Reference no: EM13818200

Questions Cloud

Determine the accounting-economic profit for this venture : Mary Graham worked as a real estate agent for Piedmont Preoperties for 15 years. Her annual income is approximately $100,000 per year. Mary is considering establishing her own real estate agency. Determine the (pre-tax) accounting profit for this ve..

Discuss key factors associated with domestic violence : Discuss key factors associated with domestic violence, and strategies for reducing it in our communities. Provide specific examples of strategies.

Quantitative methods-the case for business modeling : Present an example of a business situation that you believe would lend itself to the use of a quantitative business model. Clearly explain how the model could be used in this situation.

Quantitative methods-the case for business modeling : Multiple models are often used in supporting business decision making. Why might this be the case and what factors may dictate the need for multiple models?

What or who forces the legacy airlines to lower fares : In 2013, American Airline wa charging $ 2,386 for round trip, non-stop and unresticted ticket between Boston and Dallas, but the price has been cut in half to $ 1, 698. (1) What can you say about the price elassticity of business travel damand on tho..

Briefly describe the malthusian population model : Briefly describe the Malthusian population model and explain why it is inconsistent with population data after 1750. Using a Lee-Malthus diagram(s), derive the Iron Law of Wages result. Be sure to label the curves, axis, and important points in the d..

Determine which warehouse had the best results : Using the table provided for the units shipped and warehouse costs for all eight warehouses, identify the warehouse that had the best results for the Brant Company and explain the criterion used to determine which warehouse had the best results

Quantitative methods and decision analysis : Which business functions are more likely to use decision analysis models than others, and why?

Starting from the long-run equilibrium : Consider a competitive market. Starting from the long-run equilibrium, suddenly, fixed costs decrease, although variable costs remain unchanged. Discuss the short-run and long-run changes in market equilibrium. Include all figures and diagrams you nd..

User Account

All Pages