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Disneyland tickets have an income elasticity of 5.2. That means: Elastic; As real income increases by 1%, the demand for tickets increases by 5.2% Elastic;
Disneyland tickets have an income elasticity of 5.2. That means: Elastic; As real income increases by 1%, the demand for tickets increases by 5.2% Elastic; real income increases by 1%, the demand for tickets decreases by 5.2% Inelastic; As real income increases by 1%, the demand for tickets increases by 5.2% Inelastic; real income increases by 1%, the demand for tickets decreases by 5.2% Unit elastic; real income increases by 1%, the demand for tickets decreases by 5.2%
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