when a there is an inelastic demand to a hospitality product (i.e., rooms), in general, group of answer choices a percentage change in price results in a larger percentage in quantity demanded a percentage change in price results in a smaller percentage in quantity demanded a change in price of a product will not affect total revenue levels revenue margins always decrease in spite of some decrease in the quantity demanded

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02-11-2022
Business

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when a there is an inelastic demand to a hospitality product (i.e., rooms), in general, group of answer choices a percentage change in price results in a larger percentage in quantity demanded a percentage change in price results in a smaller percentage in quantity demanded a change in price of a product will not affect total revenue levels revenue margins always decrease in spite of some decrease in the quantity demanded

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