Register

"Which of the following is least price elastic? (A) air travel (B) furniture (C) restaurant meals (D) shrimp"

"Which of the following is least price elastic? (A) air travel (B) furniture (C) restaurant meals (D) shrimp"
asked 229k views
4 votes
"Which of the following is least price elastic?

(A) air travel
(B) furniture
(C) restaurant meals
(D) shrimp"

asked
User Gbam
by
7.7k points

1 Answer

4 votes

air travel

Air travel has an estimated price elasticity of demand of 2.4, so its price elasticity is fairly elastic.

answered
User Nadavwr
by
8.4k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

What can turn igneous rock into sediment?
In what way did the GI Bill contribute to the growth of professional and white-collar jobs ? A.by providing US laborers with new job-training programs B.by giving US veterans assistance to purchase a new
What is meant by data mining ?
Link Copied!