Multiple Choice
When economists look at the percentage change in quantity demanded for air travel generated by a change in income, they are looking at the
A) price elasticity of demand for air travel
B) income elasticity of demand for air travel
C) price elasticity of demand for airline tickets
D) cross elasticity of demand for airline tickets
E) cross elasticity of demand for airline travel
Correct Answer:
Verified
Correct Answer:
Verified
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