When the price of a cruise rises from 19500 to 20500 the, Ask an Expert

Economics

When the price of a cruise rises from $19,500 to 20,500, the quantity demanded decreases from $2,100 to 1,900 travelers. Use this information to calculate the price elasticity of demand for cruises. The price of a cruise increased by-------percent. The quantity of cruises demanded decreased by---------percent. So the price elasticity of demand for cruises is --------percent. Please help me , show the work.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91865046

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