today 90 percent of the tickets are sold at a discount, while last year only 50% were.
Conclusion: Therefore, on average, people pay less today in constant dollars for a Breezeway Toronto-to-Dallas coach ticket than they did a year ago.
If you want to compare, at least you need to have the same base, i.e., the same amount of cost for a discount ticket. otherwise, you can not compare. e.g. in constant value, if this year's ticket after discount is $60, while last year's one was $20, then, let's do a little calculation here:
Assume each year there are 100 people and the full-fare ticket cost $100.
Then this year's cost on average, in costant dollar: (90 x $60 + 10 x $100)/100 = $64
Last year: (50 x $20 + 50 x $100)/100 = $60
Obviously, on average, this year's ticket costs more than last year's one. That is not what the argument wants.
Therefore, we need the assumption like (B) A Toronto-to-Dallas discount coach ticket on Breezeway Airlines costs about the same in constant dollars as they did a year ago. |