(Answered) An airline estimates that the price elasticity of demand

Management Studies

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 Management, Management Studies

Category:- Business Management
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