15. True or False Ski resorts charge for lift tickets on a per-day rather than a...
15. True or False Ski resorts charge for lift tickets on a per-day rather than a per- ride basis, and there are often long lines at the lifts. From book Price Theory And Applications Chapter 19 Problem set.
Homework Answers
True.
This is because the demand for lift tickets is high and inelastic during weekends and other holidays and elastic during weekdays.The price is thus,higher in weekends and relatively lower during weekdays.
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