Sometimes airlines raise ticket prices as the flight departure date approaches in the hope of increasing revenue.The airlines raise their prices on the assumption that:
A.consumer demand becomes more price-elastic as departure time approaches.
B.consumer demand becomes less price-elastic as departure time approaches.
C.consumers are not aware of airline prices.
D.consumer demand is unrelated to prices.

Question

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The Answer of Sometimes airlines raise ticket prices as the flight departure date approaches in the hope of increasing revenue.The airlines raise their prices on the assumption that:
A.consumer demand becomes more price-elastic as departure time approaches.
B.consumer demand becomes less price-elastic as departure time approaches.
C.consumers are not aware of airline prices.
D.consumer demand is unrelated to prices.

Sometimes Airlines Raise Ticket Prices as the Flight Departure Date