Ln q 2737 - 1247 ln p 1905 ln iwhere q denotes passengers

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Reference no: EM13372753

Ln Q = 2.737 - 1.247 ln P + 1.905 ln I

Where Q denotes passengers in thousands per year, P the (average) ticket price, and I US national income.

Determine the price elasticity, and income elasticity of demand

Reference no: EM13372753

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