Important information about Airline Industry

Select an industry that is affected by the economy, such as the airline, automotive, home building, or technological industry. Keep in mind that you will use the industry chosen throughout the course.

Find at least two sources to help you answer the following questions about the air line industry. in air line industry, is price elasticity of demand considered elastic or inelastic? Are there substitutes available? Is the good a luxury or a necessity? Explain. What is the price elasticity of supply for air line industry? Explain.

Organize your research for this week using the annotated bibliography template in Appendix B. For each entry in the annotated bibliography, include an APA-formatted reference and a summary of the major points in the article or Web site.