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Gianno was asked to examine the pricing and sales data from 2015 and 2016 for a charter bus comparty in Texas and to make recommendations

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Gianno was asked to examine the pricing and sales data from 2015 and 2016 for a charter bus comparty in Texas and to make recommendations for pricing for 2017 . Giaru declined, particutarly in the last four months of the year. Based on many years experience in the indistry, Ganna would have expected demand and toeal tevenues to inctease as result of a lower peice. Of the following altematives, which would be the most likely explanation of the unexpected findines regarding elasticity, particularty duricte the lint foul months of the year? The charter bus cartoainy had an effective loystiy program in place. The calculation of the ebsticity quotient requires longitudhal das from a minimum of thee years. Clanna only had two years of data to wock weh None of the other responses would likely be correct. The finding of a demand decrease in response to a price decrease th common

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