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The price elasticity of demand for two customer segments

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KING Airlines has determined that the price elasticity of demand for two customer segments (Business Class and Coach) is -1.50 and -1.75. Based on their expectations of profitability, KING realizes the price of a Coach Seat should be $155 (one way). How much should KING charge for a (one way) Business Class ticket?

Reference no: EM13831167

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