Suppose that business travelers and holidaymakers have the following demand for airtime for airline tickets from munich to naples

a. As thw price tickets rises from $100 to $250 what is the price elasticity demand for (i) business travellers and (ii) holidaymakers? ( use either the midpoint or point in your calculations)

b. why might holidaymakers have different price elasticity to business travellers?

Price: 150, 200,250, 300

Qty demanded(business travellers): 2100, 2000, 1900, 1800

Qty demanded (holiday makers)): 1000, 800,600,400