MATCHING Choose the Item in Column 2 That Best Matches

question 27

Multiple Choice

MATCHING. Choose the item in column 2 that best matches each item in column 1.
Match the term with the correct description.
-Examples of adventure tourism

• A)Traveler who is forever planning the next trip and recounting the last one
• B)A personality type that likes adventurous, curious and challenging places
• C)External attractions
• D)Internal desires and motives
• E)Designated park with scenery, wildlife, and natural and historic resources
• F)Travel for sports games as either spectators or participators
• G)Pilgrimage
• H)The highest level of Maslow's needs theory
• I)Travel for conferences, training, and other regular business activities
• J) White-water rafting, scuba diving, mountain climbing

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Definitions:

Shortage/Surplus

Market scenarios where the demand for a product surpasses its available supply, leading to a shortage, or where the supply of the product is greater than its demand, resulting in a surplus.

Demand Equation

is a mathematical representation that shows the relationship between the quantity of a good demanded and its price along with other factors affecting demand.

Supply Equation

A mathematical formula used to describe the relationship between the price of a good or service and the quantity supplied, holding other factors constant.

Price Floor

A government- or authority-imposed minimum price that can legally be charged for a good or service.