Suppose that business travelers and tourists have the following demand for airline tickets from Lahore to Karachi. price Quantity demanded (business travelers) Quantity demanded (tourists) $150 2100 1000 200 2000 800 250 1900 600 300 1800 400 As the price of ticket rises from $200 to $300, what is the price elasticity of demand for (i) Business travelers (ii) Tourists (Use the midpoint method in your calculations.)

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