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Online airline ticket agents have dropped the $7 booking fee and expedia.com and priceline.com have also dropped the $50 cancelation fee. Expedia.com reports that its
Online airline ticket agents have dropped the $7 booking fee and expedia.com and priceline.com have also dropped the $50 cancelation fee. Expedia.com reports that its ticket sales have increased by double-digits. Source: USA Today, June 3, 2009 With the removal of the booking fee, how have the price and the consumer surplus on flights changed? Question content area bottom Part 1 The removal of the booking fee ______ the price of air trips and ______ the consumer surplus on air trips
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