Price $1,200 1,097.50 $995 $796.25 $497.50 D1 400 700 1,000 1,500 Premium seats a week

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A:

Q: What would be the solution for this one?

A: Price elasticity of demand measures how responsive the quantity demanded is towards the changes in…

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Q: A seller believes he is pricing optimally. Her current unit margin rate is 80 percent. What must the…

A: Price elasticity of demand is a measure of how sensitive the quantity demanded of a product or…

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A: Given: pq=21 p=3 Therefore, q will be: pq/p = 21/3 = 7 units

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