Questions Homework * Ununswered * Dwe Today, 11:59 PM Markas: Ifthe absolute value of the...
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Economics
Questions Homework * Ununswered * Dwe Today, 11:59 PM Markas: Ifthe absolute value of the price elasticity of demand for airlinetickets is 0.8 , then the demand for airline tickets is: ainelastic, and an increase in the price of airline tickets leads toan increase in tool revenue for airlines. inelastic, and a decreasein the price of airline tickets leads to an increase in socalrevenue for airlines. elastic, and a decrease in the price ofairlne tickets leads to an increase in total revenue for airlines.elastic, and an increase in the price of airline tickets leads toan increase in tocal revense for airlines.
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