What do these elasticities mean for optimal prices fares on


The price elasticity of demand for air travel differs radically from first-class (-1.3) to unrestricted coach (-1.4) to restricted discount coach (-1.9). What do these elasticities mean for optimal prices (fares) on a cross-country trip with incremental variable costs (marginal costs) equal to $120

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Econometrics: What do these elasticities mean for optimal prices fares on
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