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CR Deregulation

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CR Deregulation [#permalink] New post 19 Dec 2003, 14:14
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CR Deregulation
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 [#permalink] New post 19 Dec 2003, 14:28
C
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Re: CR Deregulation [#permalink] New post 19 Dec 2003, 14:34
MartinMag wrote:
CR Deregulation


Martin

C seems best.

we have to infer here..

author thought that the cost of air fare and miles flown are related.

but it turns out they are not..since the "inverse relationship" does not

hold true.
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 [#permalink] New post 20 Dec 2003, 12:20
C is the official answer

I would like C better if it said "high air fares" instead of "low air fares". The stem tells us that in spite of rising fares demand keeps going up. So the proper inference should be that something else besides the price is making demand to rise.
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 [#permalink] New post 20 Dec 2003, 18:12
MartinMag wrote:
C is the official answer

I would like C better if it said "high air fares" instead of "low air fares". The stem tells us that in spite of rising fares demand keeps going up. So the proper inference should be that something else besides the price is making demand to rise.


Martin

The argument is based on the premise of the relationship between low air fares and high passenger miles flown. The increase in the air fares should have resulted in a decrease in passenger miles flown. but it didnt. So isnt it reasonable that our PREMISE was not correct.
  [#permalink] 20 Dec 2003, 18:12
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