1)True or False: The flatter the demand curve passing through a given point, the less elastic the demand curve at that point

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1)True or False: The flatter the demand curve passing through a given point, the less elastic the demand curve at that point.

2)To finance increased security at airports, a $20 per passenger tax is levied on airline tickets. The tax will increase the price of a ticket by $20

A. if the demand for air travel is perfectly elastic.

B. if the demand for air travel is unit elastic.

C. if the supply of air travel is unit elastic.

D. if the supply of air travel is perfectly elastic.

3)American Airlines increases the price of a round-trip ticket between RDU airport and LaGuardia airport in New York City. Other things being equal, the increase in airfares on this route will increase total revenue taken in if

A. the demand for travel on the route is inelastic.

B. the demand for travel on the route is elastic.

C. the demand for travel on the route is unit elastic.

D. the supply of travel for the route is inelastic.