If the Price Elasticity of Demand for Airline Travel Is

question 207

Multiple Choice

If the price elasticity of demand for airline travel is 0.52 in the short run and 1.46 in the long run, then the demand for airline travel is ________ in the short run and ________ in the long run.

• A) elastic; elastic
• B) elastic; inelastic
• C) inelastic; elastic
• D) inelastic; inelastic

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Definitions:

Phalanges

are the bones of the fingers and toes, which play essential roles in the ability to grasp objects and maintain balance.

Cranial Bones

The bones that form the skull, protecting the brain and supporting structures of the face.

Flat Bones

Bones with a thin, roughly parallel surface that provide protection for body organs and a base for muscular attachment. Examples include the skull, ribs, and scapulae.

Osteoclasts

Cells that break down bone tissue, playing an essential role in bone remodeling and calcium homeostasis.