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    Economics for Managers
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    Exam 3: Demand Elasticities
  5. Question
    The Price Elasticity of Demand for Pleasure Travel (-1
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The Price Elasticity of Demand for Pleasure Travel (-1

Question 15

Question 15

True/False

The price elasticity of demand for pleasure travel (-1.9)and business travel (-0.8)suggests that air travel for pleasure is a luxury and air travel for business is a necessity.

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