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Delta Airlines has estimated that the cross-price elasticity of demand between the number of tickets sold for their early morning flight Denver-Atlanta and the price of their early afternoon flight Atlanta-JFK is -1.6. Delta would like to increase the quantity of tickets in the Denver-Atlanta flight by 20%. Based on this information, Delta can accomplish this by: A) An increase in the price of the Atlanta-JFK flight by 20%. B) An increase in the price of the Atlanta-JFK flight by 12.5%. C) A decrease in the price of the Atlanta-JFK flight by 12.5%. D) A decrease in the price of the Atlanta-JFK flight by 20%.

/in /by

Delta Airlines has estimated that the cross-price elasticity of demand between the number of tickets sold for

their early morning flight Denver-Atlanta and the price of their early afternoon flight Atlanta-JFK is -1.6. Delta would like to increase the quantity of tickets in the Denver-Atlanta flight by 20%. Based on this information, Delta can accomplish this by:

A) An increase in the price of the Atlanta-JFK flight by 20%.

B) An increase in the price of the Atlanta-JFK flight by 12.5%.

C) A decrease in the price of the Atlanta-JFK flight by 12.5%.

D) A decrease in the price of the Atlanta-JFK flight by 20%.

 
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