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) .
-All else equal, the investment in new cruise ships along with the decrease in real income would definitely cause the equilibrium _______ of occupied cruise ship berths to _______.
A) price; increase
B) price; decrease
C) quantity; increase
D) quantity; decrease
Correct Answer:
Verified
Q142: Explain what will happen to the equilibrium
Q146: Recall the Application about Hurricane Katrina and
Q147: When supply increases, and the supply curve
Q147: Recall the Application about the decline in
Q148: Explain what would happen to the equilibrium
Q150: Recall the Application about Hurricane Katrina and
Q154: Recall the Application about the changes in
Q156: Recall the Application about Hurricane Katrina and
Q163: When supply decreases and the supply curve
Q171: Explain what will happen to the equilibrium
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