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: what sort of shift in supply or demand would result in a market equilibrium with higher prices and…

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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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