Multiple Choice
The demand for spring break vacations is _________________ than is the demand for textbooks because ________________.
A) less price elastic; vacations have more available substitutes.
B) more price elastic; vacations have less available substitutes.
C) less price elastic; vacations are more of a luxury.
D) more price elastic; vacations are more of a luxury.
Correct Answer:
Verified
Correct Answer:
Verified
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