Demand for business travel is ______________, meaning that demand changes based on the economy.A. SeasonalB. DependentC. ElasticD. IncreasingE. None of the above

A shift in the demand curve indicates____ *1 pointA. exceptional demandB. change in demandC. change in quantity demandedD. elasticity of demand

elasticity of demand and its types in details

Explain the factors affecting elasticity of demand

Which of the following factors does NOT affect the elasticity of demand?

f the demands for goods is price elastic, an increase in its price will increase total revenue in that market.Question 2AnswerTrueFalse