Recall the Application about the changes in supply and demand in the cruise ship industry in 2009 and
2010 to answer the following question(s) .
-According to this Application, the investment in new cruise ships in 2009 and 2010 caused the _______ curve for cruise ship berths to shift to the _______.
A) demand; right
B) demand;left
C) supply; right
D) supply; left
Correct Answer:
Verified
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Q163: When supply decreases and the supply curve
Q165: When demand increases and the demand curve
Q166: When supply increases and the supply curve
Q171: Explain what will happen to the equilibrium
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