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1 Suppose that an airline reduced its prices for flights to a certain city from an average of $200 to an average of $170. Before
1 Suppose that an airline reduced its prices for flights to a certain city from an average of $200 to an average of $170. Before the price change, a car rental company based at that city's airport had rented out about 60 cars per day. After the airfare reduction, the car rental company noticed an increase in quantity demand to about 72 cars per day. What is the cross-price elasticity of demand for car rentals? -1.33 -0.75 0.4 2.5...please select correct ans from given ooption
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