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Business, 06.10.2019 05:30 tashanicole

When we look at the nature of the tourism product, we see that demand can be elastic or inelastic (think of a rubber band). elastic demand is when there is a small change in price but a large change in demand. for example, if the price of disney's day passes increase by $50, we may decide to spend the day doing other fun activities. true or false?

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