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The Following Statement Is True in Related to the Role

Question 27

Multiple Choice

The following statement is true in related to the role of disposable income in tourism demand.


A) A normal good's demand increases when income decreases.
B) The demand for inferior goods increases as income increases.
C) A luxury goods refers to when demand changes by less than income changes.
D) A necessity good refers to when demand changes by less than income changes.

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