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Other Fields Homework Help Economics Topic started by: Tneary on Mar 3, 2019



Title: If the price elasticity of demand for airline tickets is 1.4 for a leisure traveler and 0.7 for a ...
Post by: Tneary on Mar 3, 2019
If the price elasticity of demand for airline tickets is 1.4 for a leisure traveler and 0.7 for a business traveler, then a price-discriminating monopolist would charge

• a higher price for the business traveler than the leisure traveler.

• a lower price for the business traveler than the leisure traveler.

• the same price for both travelers.

• a less profitable price for the business traveler than the leisure traveler.


Title: If the price elasticity of demand for airline tickets is 1.4 for a leisure traveler and 0.7 for a ...
Post by: jesika1122 on Mar 3, 2019
a higher price for the business traveler than the leisure traveler.