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The Question is in the photo. Hope someone will help me. Thank you very much ||| . Read the situation below and answer the following

The Question is in the photo. Hope someone will help me. Thank you very much

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||| . Read the situation below and answer the following question. The demand schedule for airfare below shows the demand of businessman and tourist based in Manila and Cebu. Price 0D for Businessmen 0D for Tourist P 1,500 3,100 950 P 2,000 3,000 750 P 2,500 2,900 550 EC, 1. As air fare increases from P2000 to P2500, what is the price elasticity for the a. Businessman: b. Tourist: 7 V J L 2. Why do you these two consumers have different price elasticity of demand

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