Flights home for Thanksgiving and PED.

An article that could be used for an Economics IA? Supply, demand and PED in the market for airline tickets. Still worried about jobs many Americans are taking longer holidays so they are able to save money on their airfares home for the Thanksgiving holiday.

This article in the New York Times illustrates the basic concept of PED as Americans search out the cheaper flights which fall outside of the peak flying times. Demand has surged for the cheaper flights as Americans, worried about their jobs, do everything they can to save money. Some Americans are driving instead of flying and some are staying at home to celebrate. read more