Tourist have an elasticity of demand for a trip to Bahamas of -3. How much should an airline charge them for a ticket if the price it charges the general public is $360? Assume the general public has an elasticity of 2.
Tourist have an elasticity of demand for a trip to Bahamas of -3. How much shouldan airline charge them for a ticket if the price it charges the general public is $360?Assume the general public…
