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

---

Definitions:

Academic Performance

The extent to which a student has achieved their short or long-term educational goals.

Conflict Perspective

A sociological approach that emphasizes the role of power, competition, and inequality in society, often resulting in societal change.

Health Care System

An organized plan of health services designed to meet the health needs of target populations, including medical professionals, hospitals, insurance, and regulatory bodies.

Social Conditions

The environmental, cultural, and economic factors influencing how individuals live within a society.