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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

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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 ...

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