Transatlantic air travel in business class has an estimated elasticity of demand of 0.40 less than transatlantic air travel in economy class with an estimated price elasticity of 0.62. Why do you think this is the case?
Transatlantic air travel in business class has an estimated elasticity of demand of 0.40 less than transatlantic air travel in economy class with an estimated price elasticity of 0.62. Why do you think this is the case?