Price elasticity of demand for vacationers
Course:- Business Economics
Reference No.:- EM131074944

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As the price of tickets rises from $200 to $250, 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 at this price range is elastic for vacationers because business travelers are sensitive to changes in price.

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