Many cruise lines offerâ 5-day trips. a disproportionate number of these trips leave port on thursday and return late monday. why might this beâ true?
a. people booking these trips can take a long weekend and schedule vacation time for only three of the five days, missing less work than they would by traveling monday through friday.
b. since the supply of state-rooms on an individual ship is fixed, the higher demand generated by the long weekend increases the equilibrium price that a cruise line is able to charge for these trips, increasing the per-passenger revenue the cruise line receives.
c. a and b only.
d. none of the above.