Demand for tourism is income elastic because:
A) tourism is a highly desirable good.
B) tourism depends on discretionary income.
C) it is a necessity for the affluent.
D) tourism is not equally desirable to all people.
E) most tourists have a variable income.
Correct Answer:
Verified
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Q7: Which of the following does not directly
Q8: What is meant by elasticity of demand
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Q11: Which of the following is true regarding
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