Unit 3: Economics of Tourism Demand
Concept of demand for the tourism product, tourism demand function, Demand Curve and Law of
Demand, Types of variables influencing tourism demand, Levels of choices affecting tourism demand, Factors constraining tourism demands, Concept of shift in the demand curve, Concept of elasticity of
elasticity of demand for tourism products, Measurement of Price, Income and Cross Price Elasticity of
Demand, Lancastrian demand analysis, movement along the demand curve.