Business, 04.07.2020 14:01 Anonymousmike

3. If the average price of an airline ticket on a certain route rises from $200 to $250, the number of tickets sold drop from 800 to 600. Calculate the price elasticity of demand. Is the demand elastic or inelastic?

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3. If the average price of an airline ticket on a certain route rises from $200 to $250, the number...

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