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table [ [ Degree of Elasticity,Estimate ] , [ Relatively elastic ) > ( 1 , - ] , [ Airline travel, long run,

\table[[Degree of Elasticity,Estimate],[Relatively elastic )>(1,-],[Airline travel, long run,2.4],[Fresh fish,2.2],[New cars, short run,1.5],[Roughly unitary elastic )=(1,-],[Private education,1.1],[Radios and televisions,1.2],[Shoes,0.9],[Relatively inelastic )<(1,-],[Cigarettes,0.4],[Coffee,0.3],[Gasoline, short run,0.2],[Long-distance telephone calls,0.1]] Instructions: In part a, enter your response as a whole number. a. By how much would airline travel sales decline if the price of airline travel increased 30 percent? % b. If American

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