During spring break, students have an elasticity of demand for a trip to Florida of -4. How much should an airline charge students free ticket if the price it charges the general public is $360? Assume the general public has an elasticity of -2. multiple choice: A) $240 B) $250 C) $240 (not sure why question has 240 twice) D) $270

During spring break, students have an elasticity of demand for a trip to Florida of -4. How much should an airline charge students free ticket if the price it charges the general public is $360? Assume the general public has an elasticity of -2. multiple choice: A) $240 B) $250 C) $240 (not sure why question has 240 twice) D) $270

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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