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    4702- econ

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    Subject: Price Elasticity
    Details: I am looking for some direction working on the following spreadsheet on price elasticity with in an airline enviornment. The details are in the project attachments

    © BrainMass Inc. brainmass.com October 9, 2019, 4:01 pm ad1c9bdddf
    https://brainmass.com/economics/elasticity/4702-econ-20116

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    1. It's quite helpful that the demand curve is already given by:
    <br>Price = 1250 - 8 * Quantity
    <br>which can be written into:
    <br>Quantity = 1250/8 - 1/8 Price = 156.25 - 0.125 P
    <br>So dQ/dP = - 0.125
    <br>And ...

    $2.19