1. Suppose that business travelers and vacationers have the following demand for airline tickets from New York to Boston. Price ($) Quantity Demanded (Business travelers) Quantity Demanded (vacationers) 150 2100 1000 200 2000 800 250 1900 600 300 1800 400 a) As the price of tickets rises from $200 to $250, what is the price elasticity of demand for (i) business travelers and (ii) vacationers? (Need help to Use the midpoint method in the calculations) b) Why might vacationers have a different elasticity from business travelers