Business, 06.08.2021 19:50, aksambo4707

For April 2021, the actual price (revenue per ASM) was 13.90. The cost per ASM for Southwest Airlines was 12.39. Using the latter as our best estimate of marginal cost, what is the approximate implied elasticity of demand for Southwest? A. -1.5.
B. -2.50.
C. -6.6.
D. -7.8.
E. -9.4.

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For April 2021, the actual price (revenue per ASM) was 13.90. The cost per ASM for Southwest Airline...