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

question 11

Multiple Choice

During spring break,students have an elasticity of demand for a trip to Cancun,Mexico,of −4.How much should an airline charge students for a ticket if the price it charges the general public is $420? Assume the general public has an elasticity of −2.

• A) $210
• B) $280
• C) $160
• D) $105

---

Definitions:

Code of Conduct

A set of rules outlining the social norms, ethical standards, and responsibilities expected of an organization's members or employees.

Codes of Conduct

Formal guidelines and principles designed to help professionals conduct their business ethically and with integrity.

Ethical Issue

A situation or problem that requires an individual or organization to choose between alternatives that must be evaluated as right or wrong.