Question: table [ [ table [ [ Price ] , [ ( Dollars ) ] ] , table [ [ Quantity Demanded by
tabletablePriceDollarstableQuantity Demanded by Business TravelersTicketstableQuantity Demanded by VacationersTickets
As the price of tickets rises from $ to $ the price elasticity of demand for business travelers is and the price elasticity of demand for vacationers is using the midpoint method. Therefore, the demand for airline tickets in this price range is more elastic for vacationers because business travelers are less grad sensitive to changes in price.
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