Question: Help me answer multiple choice with numbers below and more or less ? For both in bottom Suppose that business travelers and vacationers have the

 Help me answer multiple choice with numbers below and more or

Help me answer multiple choice with numbers below and more or less ? For both in bottom

less ? For both in bottom Suppose that business travelers and vacationers

Suppose that business travelers and vacationers have the following demand for airline tickets from New York to Boston: Price Quantity Demanded by Business Travelers Quantity Demanded by Vacationers (Dollars) (Tickets) (Tickets) 150 2,100 1,000 200 2,000 800 1 250 1,900 600 5.88 300 1,800 400 0.17 1.28 As the price of tickets rises from $150 to $200, the price elasticity of demand for business travelers is 0.17 , and the price elasticity of demand for vacationers is 0.78 , using the midpoint method. Therefore, the demand for airline tickets in this price range is more _ elastic for vacationers because business travelers are less _ sensitive to changes in price

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