Question
PRICE ELASTICITY Holiday Inn is selling their guest rooms for 2022. -In 2021, Holiday Inn sold 10,000 rooms at $50 each. -In 2022, Holiday Inn
PRICE ELASTICITY
Holiday Inn is selling their guest rooms for 2022.
-In 2021, Holiday Inn sold 10,000 rooms at $50 each.
-In 2022, Holiday Inn raised the price to $75 and room sales decreased to 9,000.
What is the elasticity of demand?
What is the ABS value?
Is the demand elastic or inelastic?
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Asset Management A Systematic Approach To Factor Investing
Authors: Andrew Ang
1st Edition
0199959323, 978-0199959327
