13. At the price of $100, tourists demand 267 airplane tickets. At the same priće, businesschai ravelers demand 237. At the price $110, tourists demand 127 tickets and business travelers demand 127. Assuming that the demand curves of business travelers and tourists are both linear over this price Fange, what is the price elasticity of demand at the price $100? a. 4.96 b. 25 с. 5.46 d. 0.05 е. none of the above.
13. At the price of $100, tourists demand 267 airplane tickets. At the same priće, businesschai ravelers demand 237. At the price $110, tourists demand 127 tickets and business travelers demand 127. Assuming that the demand curves of business travelers and tourists are both linear over this price Fange, what is the price elasticity of demand at the price $100? a. 4.96 b. 25 с. 5.46 d. 0.05 е. none of the above.
Microeconomics A Contemporary Intro
10th Edition
ISBN:9781285635101
Author:MCEACHERN
Publisher:MCEACHERN
Chapter5: Elasticity Of Demand And Supply
Section: Chapter Questions
Problem 8QFR
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