Round-trip airline tickets are usually cheaper if you stay over a Saturday night before you fly back. What is the reason for this price discrepancy?
A)Airlines are practicing imperfect price discrimination to raise their profits.
B)Airlines charge a different rate based on the different nature of peoples' travel needs.
C)Airlines are attempting to charge people based on their willingness to pay.
D)All of the above are correct.

Question

Quizplus · Accepted Answer

Airlines use pricing strategies that incorporate all these elements: imperfect price discrimination, different rates based on travel needs, and charging based on willingness to pay, to maximize profits.

Round-Trip Airline Tickets Are Usually Cheaper If You Stay Over