Estimate the linear demand curve for this activity

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A tour company charges $100 round trip to travel from Los Angeles to Las Vegas on a luxury motor coach. At that price they sell 500 tickets. We know that the price elasticity for motor coach travel is -1.8%. Estimate the linear demand curve for this activity. How many tickets would you expect to sell at a price of $80?

Reference no: EM13985000

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Estimate the linear demand curve for this activity : A tour company charges $100 round trip to travel from Los Angeles to Las Vegas on a luxury motor coach. At that price they sell 500 tickets. We know that the price elasticity for motor coach travel is -1.8%. Estimate the linear demand curve for this ..

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