6. An airline estimates that the price elasticity of demand for business travelers (who travel on weekdays)

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6. An airline estimates that the price elasticity of demand for business travelers (who travel on weekdays) is –2, while the price elasticity of demand for vacation travelers (who travel on weekends) is –5. If the airline price discriminates

(and costs are the same), what will be the ratio of weekday to weekend prices?

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Economics For Managers

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Authors: Paul Farnham

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Question Posted: Nov 13, 2024 08:01 AM

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6. An airline estimates that the price elasticity of demand for business travelers (who travel on weekdays)

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Economics For Managers

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