The Price Elasticity of Demand for Business Air Travel Is

question 114

Multiple Choice

The price elasticity of demand for business air travel is .80 and the price elasticity of demand for leisure air travel is 1.60.Therefore,the demand for leisure air travel

• A) is less elastic than the demand for business travel.
• B) is inelastic.
• C) is more elastic than the demand for business travel.
• D) is unrelated to consumers' incomes.

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