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4. Imagine the pre-COVID 19 world. a)Do low-cost airlines always charge lower prices than a traditional scheduled airline? If not, why not? b)Why would holidaymakers

4. Imagine the pre-COVID 19 world.

a)Do low-cost airlines always charge lower prices than a traditional scheduled airline? If not, why not?

b)Why would holidaymakers have a relatively elastic demand for a particular flight?

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