Answer:
The airlines base the policy on the assumption that the consumer demand is less elastic as time of departure approaches.
Explanation:
Price Elasticity of Demand refers to price sensitivity; i.e. the rate at price changes with demand.
As the purchase and flight departure gets smaller, the arrival rate of the passengers will definitely change.
When the demand of a commodity is less elastic, then it will cause a large changes in price of that commodity to effect a change in quantity consumed.
Answer:
The first and foremost function of a legislature is to legislate i.e. to make laws. In ancient times, laws used to be either derived from customs, traditions and religious scriptures, or were issued by the kings as their commands. However, in the contemporary era of democracy, legislature is the chief source of law.
Explanation:
Hope it is helpful....
Answer:Ad Populum
Explanation:Ad Populum is an argumentative fallacy that appeals to Popularity. The Argumentum ad Populum is an emotional based argument which claims that something is true simply because it is popularly believed to be true or elite group of people believe that particular conclusion is true.
Loyalty, respect, and trust :))))))
This kind of power is referred to as "referent" power.
Referent power is picked up by a pioneer who has solid relational relationship abilities. Referent power in authority is the capacity of a pioneer to develop the regard and adoration of his supporters such that they wish to resemble him. We can also say that referent power is showing others how its done.
