he price elasticity of demand for holidays in Italy is likely to be high because: Group of answer choices people tend to book up a long time in advance. there are plenty of different holidays abroad to choose from. expenditure on holidays account for a relatively small part of people’s total income. holidays at home provide no real alternative. people need a holiday if they are to cope with the year ahead – and they prefer holidays abroad.

he price elasticity of demand for holidays in Italy is likely to be high because: Group of answer choices people tend to book up a long time in advance. there are plenty of different holidays abroad to choose from. expenditure on holidays account for a relatively small part of people’s total income. holidays at home provide no real alternative. people need a holiday if they are to cope with the year ahead – and they prefer holidays abroad.

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter20: Elasticity: Demand And Supply

Section: Chapter Questions

Problem 10E

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