Solved

The Price Elasticity of Demand for Holidays in Greece Is

Question 8

Multiple Choice

The price elasticity of demand for holidays in Greece is likely to be high because


A) holidays at home provide no real alternative.
B) people need a holiday if they are to cope with the year ahead.
C) people tend to book up a long time in advance.
D) foreign holidays are becoming much cheaper.
E) there are plenty of different foreign holidays to choose from.

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