Traditional Culture Encyclopedia - Tourist attractions - Is the scenic spot a product with high demand price elasticity or a product with low demand price elasticity?
Is the scenic spot a product with high demand price elasticity or a product with low demand price elasticity?
High elasticity. Most tourist attractions belong to products with elastic demand, and the increase in ticket prices will lead to a significant decrease in the number of tourists. If the scenic spot wants to get higher income, it should take measures to reduce the ticket price, instead of raising the price a little and lowering the price a little, the demand will increase and the profit will come up.
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