Question: table [ [ Degree of Elasticity,Estimate ] , [ Relatively elastic ) > ( 1 , - ] , [ Airline travel, long run,
tableDegree of Elasticity,EstimateRelatively elastic Airline travel, long run,Fresh fish,New cars, short run,Roughly unitary elastic Private education,Radios and televisions,ShoesRelatively inelastic CigarettesCoffeeGasoline short run,Longdistance telephone calls, Instructions: In part a enter your response as a whole number. a By how much would airline travel sales decline if the price of airline travel increased percent? b If American
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