Assignment
Why is it that the airline industry can discriminate in the price it offers to it's customers?
How do they determine to charge one type of customer one price and another customer a different price?
What would the leisure customer (elastic demand) do if they were charged the same amount as the business customer (inelastic demand)?
What would happen to the revenues of the airline industry if they were to charge the business customers the price of the leisure customers? Explain.
Integrated throughout the entire paper the SLU core value that you believe fits this topic.
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also include a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also Include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.