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During spring break, students have an elasticity of demand for a trip to Florida of -3.

During spring break, students have anelasticity of demand for a trip to Florida of -3. How muchshould an airline charge students for a ticket if the price it charges the general public is $360? Assume the general public have an elasticity of -2.

A. $240

B. $250

C. $260

D. $270

Jun 08 2018 View more View Less

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