5. Determine the elasticity of demand for the following demand schedule (use the total revenue test to
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5. Determine the elasticity of demand for the following demand schedule (use the total revenue test to check your answers):
Passengers Total Fare Carried Revenue Ed
$160 622 150 730 140 782 130 804
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Related Book For 
Air Transportation A Management Perspective
ISBN: 9781409430636
7th Edition
Authors: John G. Wensveen
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