A-LevelEconomicsInternational economic issues9708/12 · May/June 2015 · Q281 Mark
An appreciation of country X's currency leads to an increase in its foreign currency earnings from tourism. What can be concluded from this about the demand by foreigners for holidays in country X?
AIt is income elastic.
BIt is price elastic.
CIt is income inelastic.
DIt is price inelastic.
✓ Correct answer
D: It is price inelastic.
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