Question

question 7
1 pts
an airline finds that its morning flights are half - empty, but the mid - afternoon flights are full. which would be the most plausible statement for an economist to make?
nothing can be done because travelers are inflexible with their schedules.
cut the prices of early morning flights and raise the prices of afternoon flights.
nothing can be done to rectify the situation because of consumer sovereignty.
fewer flights should be scheduled in the afternoon to force travelers to take morning flights.

Explanation:

Economists use price - based strategies to balance supply and demand. Cutting morning flight prices can increase demand, and raising afternoon flight prices can reduce excess demand. Other options either assume inflexibility or use non - price coercion which are less in line with economic principles.

Answer:

B. Cut the prices of early morning flights and raise the prices of afternoon flights.