1)Describe the trend in domestic passenger airfares during the three decades after World War II, and discuss some of the reasons for this trend

1)Describe the trend in domestic passenger airfares during the three decades after World War II, and discuss some of the reasons for this trend.

2.List the determinants of demand, and explain how each can affect the position of the demand curve.

3.Distinguish between a change in demand and a change in the quantity demanded.

4.Define elasticity coefficient, elastic demand, inelastic demand, and determinants of elasticity.

5.Describe the four basic types of airline passenger fares.

6.Summarize several promotional fare actions initiated by air carriers.

7. Distinguish among direct operating costs, indirect operating costs, and non-operating costs and revenues.