Multiple Choice
What is meant by elasticity of demand for travel?
A) A cut in price results in fewer people buying the trip.
B) A cut in price results in more persons buying the trip.
C) A cut in price means less total revenue generated.
D) A cut in price means more revenue generated than at the higher price.
E) A cut in price has little effect on revenue.
Correct Answer:
Verified
Correct Answer:
Verified
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Q5: Which of the following is not a
Q6: Demand for tourism is income elastic because:<br>A)
Q7: Tourism is the backbone of the economy
Q8: The best method of forecasting tourism demand
Q10: Which of the following is true regarding
Q11: From the standpoint of general recognition of
Q12: Which of the following does not directly
Q13: Which of the following is true when