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Activity: Airline Elasticity The purpose of this exercise is to do almost calculations and then see how the principles of economics contribute to determination making. You atomic number 18 not expected to do research on the flight path industry. You can get along the questions from the information provided at the link down the stairs confirming a little of your own experience as an flight path passenger. Task Description This engagement is in three parts. It everyow for probable take you less space to address the assignment than it does to pass it here. Dont panic. PART 1 1.As the middle air jacket regional manager for American Airlines, you have recently undertaken a survey of economy-class saddle parts (the percentage of economy-class seats that ar change with paying customers) on the Chicago-Columbus route that you service. The survey was conducted oer 5 successive months. The survey results appear in the put everywhere below. film that all other factor s have remained constant over the 5-month menstruum: MonthAmericans determine joins equipment casualty periodic per capita incomeAmericans load factor (Q) linkeds load factor (Q) 1$one hundred ten$112$1,9006560 21101101,9006263 31101102,1007066 41091101,9007061 51081101,9007259 2. beginning on the data you have collected, how responsive is your companys load factor on the Chicago-Columbus route to your own price, income levels, and Uniteds price? Select appropriate months and compute cracking values to complete the following table. Elasticity (arc)Value (1) own-price shot of calve out for Americans economy-class seats (2) income elasticity of use up for Americans economy-class seats (3) cross-price elasticity of demand for Americans economy-class seats with respect to Uniteds price on the same route Hint: Elasticity here is found on ceteris paribus conditions all other things unchanged. In fact, there should be only one pair of consecutive months that support the all other things unchange! d criterion for each elasticity coefficient to be...If you penury to get a full essay, order it on our website: OrderCustomPaper.com

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