Spring break vacations are _________________ than tuition payments because ________________.
A)less price elastic;they have more available substitutes
B)more price elastic;they have less available substitutes
C)less price elastic;they are more of a luxury good
D)more price elastic;they are more of a luxury good

Question

Quizplus · Accepted Answer

Spring break vacations are more price elastic because they are considered a luxury good, meaning consumers are more sensitive to price changes.

Spring Break Vacations Are _________________ Than Tuition Payments Because ________________

Spring Break Vacations Are _ Than Tuition Payments Because