FlyerTalk Forums - View Single Post - Cruises need to drop prices!
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Old May 5, 2020, 9:00 am
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LondonElite
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Originally Posted by Batman's brother
Econ 101. A reduction in price leads to an increase in demand. End of rant.
Not always. It depends on on many other factors, including the elasticity of demand. If it is close to zero (at the moment no one is getting on a cruise ship) changing prices does not move the demand needle. My guess is that those afraid to get on a boat won't do it at $$$$ and won't do it at $$ either.
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