Another Economics Question? - new hampshire inns
The Red Jacket Mountain View Inn in New Hampshire, which costs $ 99 per room in the ski season in winter and $ 94 in the summer months. The number of rooms and operating costs are constant throughout the year. Prices shown:
a. to the right in the demand curve shifted in the summer.
b. Clockwise change in demand in the winter.
c. left in the supply curve shifted in the summer.
d. a shift to the left of the demand in the winter.
e. would.
... and why?
Monday, January 18, 2010
New Hampshire Inns Another Economics Question?
Subscribe to:
Post Comments (Atom)
2 comments:
The idea comes from the statement that "the number of rooms and the cost is constant."
The supply of rooms, so that "c" can and can not "E"
"A" and "D", says essentially the same, changes in demand right into the summer months and went into the winter. Both are wrong. Put it in fact, the development of the curve on the left side in the summer to a fall in demand and in winter, to show more application.
B is the correct answer. As demand increases, the demand curve to the right. The demand for houses will go skiing in the winter, so that the curve shows a greater demand and thus a higher price in the winter.
Include?
The idea comes from the statement that "the number of rooms and the cost is constant."
The supply of rooms, so that "c" can and can not "E"
"A" and "D", says essentially the same, changes in demand right into the summer months and went into the winter. Both are wrong. Put it in fact, the development of the curve on the left side in the summer to a fall in demand and in winter, to show more application.
B is the correct answer. As demand increases, the demand curve to the right. The demand for houses will go skiing in the winter, so that the curve shows a greater demand and thus a higher price in the winter.
Include?
Post a Comment