If a hotel decreases the price of its rooms from $80 to $40. As a result, the total quantity demanded of its service increased from 2000 to 4000. Which type of price elasticity of demand does the hotel

MattH asked Aug 20, 2023

231,088 views

8 votes

MattH asked Aug 20, 2023

by MattH

2.7k points

Your comment on this question:

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Email me at this address if my answer is selected or commented on:Email me if my answer is selected or commented on

Privacy: Your email address will only be used for sending these notifications.

15 votes

A. Elasic bc 2000 and 4000

Dklt answered Aug 25, 2023

by Dklt

3.0k points

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

1.6m questions

2.0m answers