1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sattari [20]
3 years ago
10

uppose an airline determines it can charge different prices to people traveling for business or emergencies and leisure traveler

s who travel for pleasure. The airline’s goal is to increase total revenue. The price elasticity of demand for business and emergency air travel is -0.80, and the price elasticity of demand for pleasure air travelers is -1.70. Based on the price elasticity of demand for each group of people, how should the airline adjust its prices?
Physics
1 answer:
Anna71 [15]3 years ago
8 0

Price elasticity of demand is a concept that seeks to measure the sensitivity of demand to the price of a good or service. Thus, if demand is elastic, it means that even small variations in price have a strong impact on demand. Conversely, if demand is inelastic, variations in the price of the good will not greatly affect demand, meaning consumers will continue to demand that particular good or service. The calculation of the price elasticity of demand consists in the division between the variation of the quantity demanded by the variation in the price practiced. If the result is greater than 1,in module, demand is considered elastic (price sensitive). Conversely, if elasticity is less than 1,in module, demand is considered inelastic (little price sensitive). If elasticity equals one, then the change in demand is exactly the same as the price change.

In the case described, the demand for business travel is less than 1 in module: | -0.80 | <1, this means that these people demand air tickets even if the price is higher. In this case, the airline may raise the price to increase revenue.

In the case of demand for leisure travel, the elasticity is greater than 1: | -1.70 | > 1, this means that demand for air tickets is price sensitive. Thus, rising prices decrease demand and decreasing prices increase demand. Thus, in this case, the airline must lower ticket prices to increase revenue.

You might be interested in
Two similar sized stones one heavy and one light dropped from the same height into a pond explain why the impact of the heavy st
Zigmanuir [339]
In energy point of view, the larger stone had more potential energy before dropping. impacting the water, the larger one, having more kinetic energy which changed from potential energy, tranfered energy to the water and formed wave. the amplitude of the wave indicate the energy of the wave. more energy more amplitude.
5 0
3 years ago
Calculate the ratio of the resistance of 12.0 m of aluminum wire 2.5 mm in diameter, to 30.0 m of copper wire 1.6 mm in diameter
alukav5142 [94]

Answer: 0.258

Explanation:

The resistance R of a wire is calculated by the following formula:

R=\rho\frac{l}{s}    (1)

Where:

\rho is the resistivity of the material the wire is made of. For aluminium is \rho_{Al}=2.65(10)^{-8}m\Omega  and for copper is \rho_{Cu}=1.68(10)^{-8}m\Omega

l is the length of the wire, which in the case of aluminium is l_{Al}=12m, and in the case of copper is l_{Cu}=30m

s is the transversal area of the wire. In this case is a circumference for both wires, so we will use the formula of the area of the circumference:

s=\pi{(\frac{d}{2})}^{2}  (2) Where d  is the diameter of the circumference.

For aluminium wire the diameter is  d_{Al}=2.5mm=0.0025m  and for copper is d_{Cu}=1.6mm=0.0016m

So, in this problem we have two transversal areas:

<u>For aluminium:</u>

s_{Al}=\pi{(\frac{d_{AL}}{2})}^{2}=\pi{(\frac{0.0025m}{2})}^{2}

s_{Al}=0.000004908m^{2}   (3)

<u>For copper:</u>

s_{Cu}=\pi{\frac{(d_{Cu}}{2})}^{2}=\pi{(\frac{0.0016m}{2})}^{2}

s_{Cu}=0.00000201m^{2}    (4)

Now we have to calculate the resistance for each wire:

<u>Aluminium wire:</u>

R_{Al}=2.65(10)^{-8}m\Omega\frac{12m}{0.000004908m^{2}}     (5)

R_{Al}=0.0647\Omega     (6)  Resistance of aluminium wire

<u>Copper wire:</u>

R_{Cu}=1.68(10)^{-8}m\Omega\frac{30m}{0.00000201m^{2}}     (6)

R_{Cu}=0.250\Omega     (7)  Resistance of copper wire

At this point we are able to calculate the  ratio of the resistance of both wires:

Ratio=\frac{R_{Al}}{R_{Cu}}   (8)

\frac{R_{Al}}{R_{Cu}}=\frac{0.0647\Omega}{0.250\Omega}   (9)

Finally:

\frac{R_{Al}}{R_{Cu}}=0.258  This is the ratio

3 0
3 years ago
What is a hologram and on what physics principle is it based
Flura [38]

The holographic principle is a principle of string theories and a supposed property of quantum gravity that states that the description of a volume of space can be thought of as encoded on a lower-dimensional boundary to the region preferably a light like boundary like a gravitational horizon.

4 0
3 years ago
( pls help me i worked hard for these points! i hope u will not write anything for the points pls help me! due is today)
Damm [24]

Answer:

a) 500 m

b) 50 s

c) speed= distance/time= 500/50= 10 m/s

hope it helps! please mark me brainliest

thank you! have a good day ahead

if u follow me, I will follow u back!

7 0
3 years ago
What do snow melting, water freezing to ice, and water boiling into steam have in
MissTica

Answer:

All of the above.

Explanation:

5 0
3 years ago
Read 2 more answers
Other questions:
  • A force gives a 5.0 kg object an acceleration of 2.0 m/s 2. The same force would give a 20 kg object an acceleration of _____. 0
    7·2 answers
  • What causes Seafloor spreading
    7·2 answers
  • Which of the following does not cause an earthquake
    6·1 answer
  • Last month Dr. Hruda's electric bill showed that she used 249 kW-hr. How many Joules (kJ) did Dr. Hruda use?
    8·1 answer
  • For the sun, which is the final step in core fusion?
    13·1 answer
  • During EEG measurements, 6-10 electrodes are attached to the scalp and produce line drawings that represent __________. A. brain
    12·2 answers
  • Cuántas moléculas de gas hay en 140 g de nitrógeno gaseoso? (M = 28 g/mol.)​
    5·1 answer
  • A rock falls 15 m. what is the displacement of the rock
    11·2 answers
  • Depth of a pond seems shallower than real depth,why?​
    11·2 answers
  • Use the drop-down menus to complete each statement. Is the process of charging an object without touching it. Is the process of
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!