The Demand for Spring Break Vacations Is _____ Price Elastic

question 6

Multiple Choice

The demand for spring break vacations is _____ price elastic than the demand for textbooks because vacations _____.

• A) less; have more available substitutes
• B) more; have less available substitutes
• C) less; are more of a luxury
• D) more; are more of a luxury

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Definitions:

Own Emotions

The personal experience and awareness of one's own feelings.

Componential Intelligence

A facet of Robert Sternberg's Triarchic Theory of Intelligence that involves analytical problem-solving abilities, including the capacity to evaluate, analyze, and solve abstract problems.

Cognitive Dissonance

A state of tension that occurs when a person simultaneously holds two cognitions that are psychologically inconsistent or when a person’s belief is incongruent with his or her behavior.

Draftee

An individual who has been selected or conscripted for military service, often through a formal process.