Many business travelers receive reimbursement from their companies when they travel by air, whereas vacation travelers typically

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Many business travelers receive reimbursement from their companies when they travel by air, whereas vacation travelers typically pay for their trips out of their own pockets. How would this affect the comparison between the price elasticity of demand for air travel for business travelers versus vacation travelers?
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Microeconomics

ISBN: 978-0073375854

2nd edition

Authors: Douglas Bernheim, Michael Whinston

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