The data below represent a demand schedule. Determine the price elasticity of demand between each of the following prices: Instructions: Round your answers to 2 decimal places. Enter your answers as positive values (absolute values). a. Between P1 = $50 and P2 = $40, Ed = b. Between P1 = $40 and P2 = $30, Ed = c. Between P1 = $30 and P2 = $20, Ed = d. Between P1 = $20 and P2 = $10, Ed =

Apopular low-cost airline, parson corp., has gone out of business. although the service and price provided by the airline was what customers wanted, the larger airlines were able to drive the low-cost airline out of business through an aggressive price war. which component of the competitive environment does this illustrate? a) threat of new entrants b)competitors c) economic factors d) customers d) regulators