Section 1 Exam: AVSC-2090-X01-X51-Fall 2018-XLIST | Pogue
If elasticity of demand is greater than 1, a 1% drop in price would result in
which of the following?
out of 100
A less than 1% increase in quantity
No change in quantity
2 / 2 pts
If an airline's quantity demanded on a flight increased from 200 to 400, what
would be the percentage of change in the demand?