An airline estimates that the price elasticity of demand, Ask an Expert

Economics

An airline estimates that the price elasticity of demand for business travelers (who travel on weekdays) is - 2, while the price elasticity of demand for vacation travelers (who travel on weekends) is - 5. If the airline price discriminates (and costs are the same), what will be the ratio of weekday to weekend prices?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91563103

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