If a hotel decreases the price of its rooms from $80 to $40. As a result, the total quantity demanded of its service increased from 2000 to 4000. Which type of price elasticity of demand does the hotel

If a hotel decreases the price of its rooms from $80 to $40. As a result, the total quantity demanded of its service increased from 2000 to 4000. Which type of price elasticity of demand does the hotel room have?

a.
Elastic

b.
Inelastic

c.
Perfectly inelastic

d.
Unitary

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If a hotel decreases the price of its rooms from $80 to $40. As a result, the total quantity demanded of its service increased from 2000 to 4000. Which type of price elasticity …

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