Economics of tourism UE Past Papers Questions.
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(2293) Question Category: Short answers Describe the following terms
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(2294) Question Category: Mathematical Calculation Suppose Mr. Aloyce is a hotel operator who recently raised the market price of his hotel rooms from $15,000 to $20,000 per room. Correspondently, his sales dropped from 20 rooms to 10 rooms a day. Use calculations to determine elasticity and tell whether the demand for rooms at Mr. Aloyce`s market is elastic or inelastic Answer / Solution UNSOLVED |
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(2295) Question Category: Short answers List five categories of economic resources and briefly explain how each of them is applicable to tourism business. Answer / Solution UNSOLVED |
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(2350) Question Category: Short answers Deine the term “scarcity” as used in tourism economics. Answer / Solution UNSOLVED |
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(2351) Question Category: Short answers Briefly explain the factors from which economic scarcity originate. Answer / Solution UNSOLVED |
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