Solved: How much delta charge for a business class ticket, Microeconomics

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How much delta charge for a business class ticket

Question:

Delta Airlines has determined that the price elasticity of demand for two customer segments (Coach and Business Class) is -1.35 and -2.50. Based on their expectations of profitability, Delta realizes the price of a Coach seat should be $175 (one-way). How much should Delta charge for a Business Class ticket?

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Microeconomics: How much delta charge for a business class ticket

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Microeconomics: How much delta charge for a business class ticket

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