Because tourist demand for airline flights is relatively _______ , small _______ in price will result in relatively _______ in additional tourists.

Question

Quizplus · Accepted Answer

Tourist demand for airline flights is relatively elastic, meaning that small reductions in price can lead to large increases in the number of tourists choosing to fly. Elastic demand indicates that the quantity demanded is sensitive to price changes.

Because Tourist Demand for Airline Flights Is Relatively _______