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Business travel business have demand elasticity= 0.8, while leisure=1.5. Which one is true?
Business travel is more expensive than airline travel
17%
1
When both have discount, demand for leisure travel increase more than demand for business travel
67%
4
When both have discount, demand for leisure travel increase less than demand for business travel
0%
0
business travel have discount more often than leisure travel
17%
1
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