Final answer:
The prices of microwave ovens are generally less sticky compared to airline tickets.
Step-by-step explanation:
The price stickiness refers to the tendency of prices to adjust slowly to changes in the economy's supply and demand conditions. In the case of microwave ovens and airline tickets, the prices of microwave ovens are generally less sticky compared to airline tickets.
This is because microwave ovens are considered durable goods and have a longer lifespan. When there is a change in supply or demand for microwave ovens, the prices can be adjusted relatively quickly to reflect the new conditions.
On the other hand, airline tickets are considered non-durable goods and are subject to various factors such as fuel costs, operational costs, and seasonal demand. The prices of airline tickets are often regulated by airlines and are less flexible in response to short-term changes in supply and demand.