A study of the demand for air travel between two cities depends on the airfare accordingto the following demand equation.q = 55.2 - 0.022pa. Find the elasticity when the price is $166.72.E =(Round to the nearest thousandth as needed.)

Given query is to find elasticity of the demand.

Answered: A study of the demand for air travel…

Algebra & Trigonometry with Analytic Geometry

13th Edition

ISBN:9781133382119

Author:Swokowski

Publisher:Swokowski

Chapter5: Inverse, Exponential, And Logarithmic Functions

Section5.3: The Natural Exponential Function

Problem 9E

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A study of the demand for air travel between two cities depends on the airfare according to the following demand equation. q = 55.2 - 0.022p a. Find the elasticity when the price is $166.72. E= (Round to the nearest thousandth as needed.)