During Spring Break,students Have an Elasticity of Demand for a Trip

question 110

Multiple Choice

During spring break,students have an elasticity of demand for a trip to Florida of −3.How much should an airline charge students for a ticket if the price it charges the general public is $360? Assume the general public has an elasticity of −2.

• A) $240
• B) $250
• C) $260
• D) $270

---

Definitions:

Legislation

The process of making or enacting laws, typically carried out by a country's legislative body.

Military Action

Operations conducted by a nation's armed forces to defend its interests or objectives, which can range from strategic planning and deployment to actual combat operations.

Congressional Approval

The act of the United States Congress passing legislation or confirming appointments made by the President.

War Powers Resolution of 1973

A federal law aimed at checking the president's power to commit the United States to armed conflict without the consent of Congress.