How will a decline in airfares affect intercity bus fares and the price of hotel rooms in

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How will a decline in airfares affect intercity bus fares and the price of hotel rooms in resort communities?

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Principles Of Microeconomics

ISBN: 9780073517858

6th Edition

Authors: Robert Frank, Ben Bernanke, Kate Antonovics, Ori Heffetz

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Question Posted: Mar 10, 2024 07:01 AM

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How will a decline in airfares affect intercity bus fares and the price of hotel rooms in

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Travel by air and travel by intercity bus are substitutes so a decline in airfare...View the full answer

Principles Of Microeconomics

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