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

Question

Quizplus · Accepted Answer

Tourist demand for airline flights is considered elastic, meaning that small reductions in ticket price can lead to large increases in the number of tourists choosing to fly, as the demand is sensitive to price changes.

Because Tourist Demand for Airline Flights Is Relatively _____,Small _____

Because Tourist Demand for Airline Flights Is Relatively _,Small _