The Income Elasticity of Demand for Foreign Travel

question 95

Multiple Choice

The income elasticity of demand for foreign travel

• A) is likely to be smaller than the income elasticity of demand for food.
• B) is likely to be larger than the income elasticity of demand for food.
• C) cannot be compared to the income elasticity of demand for food.
• D) is likely to be inelastic.
• E) is likely to be negative.

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Definitions:

Heart Attacks

A medical emergency where the blood flow to the heart is suddenly blocked, usually by a blood clot, leading to the damage of heart muscle.

Atherosclerosis

A condition characterized by the buildup of fatty deposits, cholesterol, and other substances on the artery walls, leading to restricted blood flow.

Coronary Arteries

Vessels that supply blood to the heart muscle.

Coronary Heart Disease

A condition characterized by the narrowing of the coronary arteries, leading to a decreased blood supply to the heart muscle.