Which of the Following Is True Regarding Aggregate Demand for International

question 10

Multiple Choice

Which of the following is true regarding aggregate demand for international pleasure travel?

• A) the traveler wishes to maximize utility or opportunities but is subject to budget restraints
• B) international travel expenditures are price-sensitive
• C) international travel expenditures are not very price-sensitive
• D) expenditures create substantial cross-elasticities of travel demand
• E) future demand can be accurately forecasted

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