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Which of the following will have the most elastic demand?
Travel Agent
A professional who arranges travel plans and accommodations for clients.
American Airlines
A major American airline headquartered in Fort Worth, Texas, known for its extensive domestic and international network.
Commission Rate
The percentage of a sale amount that is paid to the individual or entity that facilitated the sale, often used in sales jobs and real estate transactions.
Traveller's Cheques
Preprinted, fixed-amount cheques designed to allow the person signing it to make an unconditional payment to someone else as a result of having paid the issuer for that privilege.
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