What is ‘effective demand’ for tourism’?Select one:a.Demand that is yet to be realised.b.Demand that is efficient.c.The actual number of tourists who are travelling.d.Demand that adds value to the destination.
Question
What is ‘effective demand’ for tourism’?Select one:a.Demand that is yet to be realised.b.Demand that is efficient.c.The actual number of tourists who are travelling.d.Demand that adds value to the destination.
Solution
The 'effective demand' for tourism refers to option c. The actual number of tourists who are travelling. This is because effective demand in tourism is not about potential or hypothetical interest, but about the actual consumption of tourism services. It's about people who not only desire to travel, but also have the willingness and means to do so.
Similar Questions
Effective demand refers to: A. The total amount of spending in the economy B. The total supply of goods and services in the economy C. The balance between savings and investment in the economy D. The ability of consumers to purchase goods and services at prevailing prices
Tourism consumers who do not travel for some given reason and are likely to become actual demand in the future, when circumstances allow is known as:Select one:a.Effective demandb.Suppressed demandc.Substitute demandd.Real demand
Demand, or effective demand, is...A. The various quantities of a good or service the consumer is willing to buy at different prices during a particular time periodB. Demand that is backed by sufficient incomeC. The various quantities of a good or service the consumer is willing and able to buy at different prices, during a particular time periodD. The various quantities of a good or service the consumer is able to buy at different prices during a particular time period
principle of effective demand
Explain the concept of effective demand using a hypothetical table & curve.
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.