q=55.8−0.025p a. Find the elasticity when the price is $168.06. E = (Round to the nearest thousandth as needed.) b. Is t
Posted: Thu Jul 14, 2022 4:30 pm
q=55.8−0.025p a. Find the elasticity when the price is $168.06. E = (Round to the nearest thousandth as needed.) b. Is the demand for airfare elastic or inelastic at this price? The demand for airfare at $166.06 is c. Find the price that maximizes revenue. Revenue will be maximzed when the price is $ (Round to the nearest dollar as needed.)