There could be several, such as: 1. Inflation in the country to where you are travelling. As the prices of things increase there (such as hotels, transport etc) this is reflected in the price you will pay too. 2. The price of fuel. As fuel prices increase (especially the cost of oil - and hence road and air transport) then the increases are passed on to the customer. 3. Your own currency being low. If you are in the US, the dollar recently (although it has recovered lately) has been worth far less compared with, say, the UK pound or Euro. This means that when you travel to countries connected with or that use these currencies you will get fewer pounds for your dollar so things will seem more expensive. If you are in the UK and pay for holidays abroad that are based in countries using Euros then you will pay more for them because the euro at the moment is y strong - meaning that your pound is worth fewer euros. So a hotel room costinh 50 euros might have been equivalent to £30 a couple of years ago when a uro was worth only 60p, but now with the euro worth over 80p the same room would cost you over £40. There are many other reasons - but I hope these give you some idea.
Yes, foreign holidays are price elastic because even if the prices of air travel ,or any type of activity related to foreign holidays, increases then people will not buy the service as it is not a necessity of life.
if a company raises its price for holidays over the equilibrium price, the demand will
The price of Zante holidays range from $409 to $612. The online website Low Cost Holidays offers Zante holidays with a lot of activities that will keep everyone entertained.
it did breifly during the holidays.
An import tariff increases the sale price of foreign-made goods.
Give reasons for consigning the goods at the invoice price.
decrease and the supply will increase.
British Airways offer's holidays at a reduced price on their website. Some other website companies that provide the same types of discounts are Travelocity, Orbitz or Priceline.
Use "lowest possible price."
No, the opposite is true. Tariffs raise the price of foreign goods compared to domestic goods. Because of this, tariffs reduce imports.
What catalog do you recommend as a price guide for old foreign stamp prices?
An exchange rate can be quoted in two ways: Direct: The price of the foreign currency in terms and dollars And Indirect the price of dollars in terms of the foreign currency