A hotel in New Hampshire charges $150 per room in the winter ski season and $90 during the summer months. The number of rooms and operating costs are constant year round. These prices indicate
a. a rightward shift in the demand in the summer.
b. a rightward shift in demand in the winter.
c. a leftward shift in the supply curve in the summer.
d. a leftward shift in demand in the winter.
B
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Exponential growth implies that:
A) relatively large differences in growth rates will translate into small differences in the level of a quantity after many years of growing. B) growth rates will alternate between positive and negative values in every consecutive time period. C) relatively small differences in growth rates translates into large differences in the level of a quantity after many years of growing. D) growth rates can only be positive.
The number one cause of death in the United States in 1980 was
a. AIDS. b. heart disease. c. cancer. d. stroke. e. homicide and accidents.
The Federal Reserve can alter the size of the money supply by changing reserves or changing reserve requirements
a. True b. False Indicate whether the statement is true or false
Declining average total cost with increased production is one of the defining characteristics of a natural monopoly
a. True b. False Indicate whether the statement is true or false