Individuals differ in their willingness to pay for air travel, and airlines would like to charge different prices to different individuals based on their willingness to pay. Airlines typically attempt to divide passengers into two types: leisure travelers and business travelers. Suppose that an airline is charging $400 per ticket for all passengers on flights between New York and Washington D.C. The accompanying tables provide information on quantity demanded for air travel for leisure travelers and business travelers. Price (per ticket) Quantity‑leisure travelers (tickets per flight) $400 100 $500 50 Price (per ticket) Quantity‑business travelers (tickets per flight) $400 100 $500 90 What is the absolute value of price elasticity for business travelers if the airline increases the price to $500? Round your answer to the hundredths place.

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