If business travelers and vacationers have the following demand for airline tickets from New York to Boston:PriceQuantity Demanded (business travelers)Quantity Demanded (vacationers)$1502,100 tickets1,000 tickets2002,0008002501,9006003001,800400a. As the price of tickets rises from $200 to $250, what is the price elasticity of demand for (i) business travelers and (ii) vacationers? (Use the midpoint method in your calculations.)b. Why might vacationers have a different elasticity from business travelers?

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