× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
g
3
3
2
J
2
p
2
m
2
h
2
s
2
r
2
d
2
l
2
a
2
New Topic  
Tneary Tneary
wrote...
Posts: 463
Rep: 9 0
5 years ago
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.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
Read 42 times
1 Reply

Related Topics

Replies
wrote...
5 years ago
a higher price for the business traveler than the leisure traveler.
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  969 People Browsing
 159 Signed Up Today
Related Images
  
 178
  
 124
  
 137
Your Opinion
Who will win the 2024 president election?
Votes: 3
Closes: November 4