Supply, Demand, and Pricing

If you are planning a trip somewhere, you could easily drive your car, take the bus, hop on the train, or take a most...but most people like to fly. Airplanes give us the ability to travel long distances in only a fraction of the time it would take by any other form of transportation. The costs of air travel is ever increasing and decreasing in line with the supply and demand. Americans love to …

…why it is usually more expensive to fly during the holidays, (not to mention most businesses can charge what they want to if they know people will be nedding their services at that specific point in time). References http://www.qantas.com.au/regions/dyn/home/qualifier-region-au/qualifier-custtype-qf2leisure http://www.ozflight.com.au/news/news.php?id=1911 http://www.irs.gov/businesses/page/0,,id%3D6998,00.html http://www-rcf.usc.edu/~tsandler/substitution2ms.pdf