If the Price Elasticity of Demand for Leisure Air Travel

question 150

Multiple Choice

If the price elasticity of demand for leisure air travel is −1.60 a _____ percent decrease in its price will cause a _____ in the amount of leisure air travel demanded.

• A) 10; 16 percent decrease
• B) 10; 16 percent increase
• C) 16; 10 percent increase
• D) 16; 10 percent decrease

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