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Question 63 (10 points) Breckenridge Ski and Snow Board Rental Co. charges 69 for a one day rental. At that price they average renting 139
Question 63 (10 points) Breckenridge Ski and Snow Board Rental Co. charges 69 for a one day rental. At that price they average renting 139 sets of apparatus. Their yield management consultant recommended they lower their price to 52. At that price the consultant expects their average daily rental will be 207 sets of apparatus. At those prices and demand, what elasticity of demand can be expected? (Solve to two decimal places.) Your
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