Inflation & Consumer Buying

4 April 2015
Examines market theory relating demand to price & applies it to airline industry.

EFFECTS OF INFLATION ON CONSUMER BUYING HABITS: AIRLINE INDUSTRY
Introduction
The purpose of this research is to discuss the effects of price inflation on consumer buying habits. The focus of this discussion is the relationship of price inflation and consumer behavior with respect to the airline industry
Examination of the Relationship
Demand, in economic theory, is defined as the quantity of some product either a good or a service that is either needed or desired by one or more consumers?an individual person, a single firm, or a group of individuals or firms. Individual demand is the quantity of a product required by a single entity, while market demand is the sum total of the requirements of all consumer..

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