MATCHING. Choose the item in column 2 that best matches each item in column 1.
Match the term with the correct description.
-The income elasticity
A) The bed tax
B) The measures that tells how sensitive demand is for one good or service to changes in the price of a related good or service
C) The ripple effect
D) A set of "accounting" rules to measure the economic contributions of tourism as an industry
E) The state of pricing at which quantity demanded equals quantity supplied
F) The cost of a resource is its value in its next best use
G) The measures that tells how sensitive demand is to changes in income
H) The total value of goods and services produced in a nation
I) A variation pricing based on demand
J) A leakage from a destination area
Correct Answer:
Verified
Q3: One of the potential positive environmental impacts
Q16: These are the three levels of income
Q21: The law of demand indicates that price
Q21: MATCHING. Choose the item in column 2
Q22: These related goods and services are complementary
Q23: These related goods and services are substitutes
Q24: The microeconomics of tourism is concerned with
Q25: MATCHING. Choose the item in column 2
Q27: The following statement is true in related
Q141: Match each statement with the correct item
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