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With higher fuel costs, airlines raised their average fare from $0.75 to $1.25 per passenger kilometre and the number of passenger kilometres decreased from 2.5 million a day to 1.5 million a day. Over this price range, what is the price elasticity of demand? Describe the demand for air travel. Over the price range of $0.75 to $1.25 per passenger kilometre, the price elasticity of demand is >>> Answer to 1 decimal place. Over this price range, the demand for air travel is O A. inelastic O B. elastic O C. unit elastic