can you please assist me with this problem?

Ramel v

Q Search this course My Home Courses Catalog and Study Tools Rental Options College Success Tips Career Success Tips O Help Give Feedback CENGAGE I MINDTAP Module Three Quiz Back to Assignment Attempts 5. Law of Demand Keep the Highest 1 o A-Z Suppose that business travelers and vacationers have the following demand for airline tickets from New York to Boston: Price (Do liars) 150 200 250 Quantity Demanded bv Business Travelers (Tickets) 2,100 2.000 1,900 1,800 Quantity Demanded by Vacationers (Tickets) 1,000 500 As the price of tickets rises from $200 to $250, the price elasticity of demand for business travelers is 0.23 , and the price elasticity of demand for vacationers is 1 , using the midpoint method. Therefore, the demand for airline tickets in this prlce range is less elastic for vacationers because business travelers are less sensitive to changes in price. Grade It Now Save R Continue Continue without saving