7. Many business travelers receive reimbursement from their companies when they travel by air, whereasn vacation travelers

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7. Many business travelers receive reimbursement from their companies when they travel by air, whereasn vacation travelers typically pay for their trips out of their own pockets. How would this affect the comparison between the price elasticity of demand for air travel for business travelers versus vacation travelers?

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Microeconomics

ISBN: 9780470563588

4th Edition

Authors: David Besanko, Ronald Braeutigam

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