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Air Canada in an incumbent airline in Canada. It has two types of customers: business travellers and vacationers. a) Air Canada is considering increasing the

Air Canada in an incumbent airline in Canada. It has two types of customers: business travellers and vacationers. a) Air Canada is considering increasing the price for air tickets. Explain which type of customer is likely to demonstrate a higher price elasticity of demand. Hint: You may use some numbers to demonstrate your results. b) Discuss the price elasticity of demand for business travellers during the COVID pandemic

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