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problem 1:

Illustrate the concepts price elasticity of demand, income elasticity of demand and cross elasticity of demand and describe how these concepts can be useful to the manager of travel agent.

problem 2:

Using appropriate exs to exemplify your arguments examine the different economic impacts of tourism and describe the different ways in which government can maximize the economic advantages from the industry.

problem 3:

Using appropriate exs to exemplify your arguments, examine the different factors likely to affect the demand for tourism products.

problem 4:

Illustrate the short run and long run equilibrium of a monopoly market using instances from the tourism and/or hospitality sector to exemplify your arguments.

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