A tour company charges 100 round trip to travel from los, Ask an Expert

Economics

A tour company charges $100 round trip to travel from Los Angeles to Las Vegas on a luxury motor coach. At that price they sell 500 tickets. We know that the price elasticity for motor coach travel is -1.8%. Estimate the linear demand curve for this activity. How many tickets would you expect to sell at a price of $80?

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M91694869

Have any Question?Write your Review or question?

Related Questions in Business Economics

Companies persue closer coordination and collaboration with

Companies persue closer coordination and collaboration with channel suppliers to better address customer needs inorder to 1) Develop human resource management activities that improve the skills, expertise and knowledge o ...

Staples has six special drafting pencils for sale two of

Staples has six special drafting pencils for sale, two of which are defective. A student buys two of these six drafting pencils, selected at random. Let the random variable X be the number of defective pencils. Construct ...

Metro trains in manhattan arrive at your train station

Metro trains in Manhattan arrive at your train station exactly every 15 minutes (i.e., the times between arrivals are 15, 15, 15, and 15 in an hour). If you just arrived at the train station at a random time, what is the ...

Give three numbers between -6 and 6 that satisfy the given

Give three numbers between -6 and 6 that satisfy the given condition. List the real positive numbers not integers.

Considera firm that faces thefollowingexpectedfuture

Consider a firm that faces the following expected future marginal product of capital: MPKf =1000- 2K Where MPKf is the expected future marginal product of capital and K is the capital stock. The price of capital, pk, is ...

Some residents of the village of taugswater have proposed

Some residents of the village of Taugswater have proposed purchasing logging permits relating to a nearby wilderness area. The majority of residents agree that the purchase of permits, to be set aside and not used, is th ...

One study based on responses from 1 013 randomly selected

One study, based on responses from 1, 013 randomly selected teenagers, concluded that 43% of teenagers cite grades that their greatest source of pressure. Use a 0.05 significance level to test the claim that fewer than h ...

Imposing a tariff leads to the existence of two deadweight

Imposing a tariff leads to the existence of two deadweight triangles, which are the Consumption distortion and Production distortion losses. It is easy to understand why consumption distortion constitutes a loss for soci ...

What should ngos non-governmental organization do in

What should NGOs (non-governmental organization) do in regions of conflict or war? The benefits of having NGO's personnel in such regions outweigh the risks?

A coin is flipped five times in an experiment if x is the

A coin is flipped five times in an experiment. If x is the number of heads that turn out in the experiment, what is the set of possible values of variable x?

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Economics Expert