TG001 exam

Last updated over 5 years ago
5 questions
20

Using tourism examples, explain the income effect (2 examples) and substitution effect (2 examples) that underlie tourism consumer behavior.

5

Economic theory suggests that price and tourism demand should have an inverse relationship. Explain why.

5

"Tourism is defined from the demand side rather than the supply side". Explain, with 2 examples.

5

How do low-cost carrier airlines differ from traditional airline carriers? Provide at least 7 differences.

5

What are the roles of different transport modes in enabling tourism?