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:
An incunable, or sometimes incunabulum (plural incunables or incunabula, respectively), is a book, pamphlet, or broadside printed in Europe before the 16th century. Incunabula are not manuscripts, which are documents written by hand. As of 2014, there are about 30,000 distinct known incunable editions extant, but the probable number of surviving copies in Germany alone is estimated at around 125,000. Through statistical analysis, it is estimated that the number of lost editions is at least 20,000. Around 550,000 copies of around 27,500 different works have been preserved worldwide.
Explanation:
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Age of Pericles is known as a period of Pericles' leadership (461 - 429 BC), however it can also include early Persian Wars and the next century (4th century BC).
