Price (dollars per ticket) Quantity demanded business travelers (tickets per week) Quantity dema...Price(dollars per ticket)Quantity demanded business travelers(tickets per week)Quantity demanded leisure travelers(tickets per week)01,8001,6001001,600
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Price (dollars per ticket) Quantity demanded business travelers (tickets per week) Quantity dema...Price(dollars per ticket)Quantity demanded business travelers(tickets per week)Quantity demanded leisure travelers(tickets per week)01,8001,6001001,600
Price (dollars per ticket) Quantity demanded business travelers (tickets per week) Quantity dema...
Price
(dollars per ticket)
Quantity demanded business travelers
(tickets per week)
Quantity demanded leisure travelers
(tickets per week)
0
1,800
1,600
100
1,600
1,200
200
1,400
800
300
1,200
400
400
1,000
0
500
800
0
Suppose that business travelers and leisure travelers have the demand schedules for airline tickets from Atlanta to Philadelphia given in the table above.
Draw both demand curves.
(5 marks)
As the price of tickets rises from $200 to $300,what is the price elasticity of business travelers' demand?What is the price elasticity of leisure travelers' demand?(Use the midpoint method in your calculation
Price (dollars per ticket) Quantity demanded business travelers (tickets per week) Quantity dema...Price(dollars per ticket)Quantity demanded business travelers(tickets per week)Quantity demanded leisure travelers(tickets per week)01,8001,6001001,600
价格
(元/机票)
需求量商务旅行者
(票/每星期)
休闲游客需求量
(票/每星期)
0
1800
1600
100
1600
1200
200
1400
800
300
1200
400
400
1000
0
500
800
0
假设商务及休闲旅游的游客有如上的航空需求的时间表如上,从美国的亚特兰大到费城机票表.
绘制两个需求曲线.
(5分)
门票价格从200美元上升到300美元,商务旅行者的价格弹性的需求是什么?休闲旅游的价格弹性的需求是什么?(使用中间方法计算)