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The table below shows the demand schedules for Houston-Las Vegas airplane tickets. The center column shows the demand schedule of passengers on business trips. and
The table below shows the demand schedules for Houston-Las Vegas airplane tickets. The center column shows the demand schedule of passengers on business trips. and the right column shows the demand schedule of passengers on vacation trips. Price ($ Quantity demanded for Quantity demanded for business trips per vacation trips ticket) (thousands of tickets per (thousands of tickets per year year) $277 375 790 $287 371 681 $297 367 479 Suppose that the price charged by airlines is currently $287. If airlines want to increase their revenue. what would be their best option?If airlines want to increase their revenue, what would be their best option? to charge $287 to both vacationers and business travelers. to charge $297 to both vacationers and business travelers. to charge $277 to vacationers and $297 to business travelers. to charge $277 to both vacationers and business travelers. to charge $297 to vacationers and $277 to business travelers
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