Kindly help with Question 4

(tickets per week) (tickets per week) 1,800 1,600 1,600 1,200 1,400 800 1,200 400 1,000 0 800 0 h demand curves. (5 marks) rice of tickets rises from $200 to $300, what is the price elasticity of business hand? What is the price elasticity of leisure travelers' demand? business travelers and leisure travelers have different price elasticities of demand for ? (2 marks) price is the price elasticity of demand equal to 1 for business travelers? For leisure (3 marks) 15 marks] music CDs and movies on DVDs. The table below shows her total utility from each Utility from Utility from CDs DVDs (units) (units) 0 0 50 70 92 130 126 180 152 220 170 250 hs showing Margo's utility from music CDs and from movies on DVDs. (5 marks) he two utility graphs. Describe Margo's preferences. (4 marks) hs that show Margo's marginal utility from music CDs and from movies on DVDs. (6 marks) marks] w shows the demand and supply schedules for milk in Cowland. A subsidy on gallon is proposed and the government asks you to examine the effects of the Quantity demanded Quantity supplied er( millions of gallons (millions of gallons per year) per year) 320 0 240 0 Page 16 of 17