You are studying the supply of cruise ship tickets. For each of the three factors below, explain how the supply of these tickets might be affected.
(i) Two new ships are added to the existing cruise ship fleet.
(ii) The port taxes and docking fees for cruise ships increase significantly.
(iii) A major renovation in cruise ship design allows for a 25% increase in staterooms in existing ships.

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The Answer of You are studying the supply of cruise ship tickets. For each of the three factors below, explain how the supply of these tickets might be affected.
(i) Two new ships are added to the existing cruise ship fleet.
(ii) The port taxes and docking fees for cruise ships increase significantly.
(iii) A major renovation in cruise ship design allows for a 25% increase in staterooms in existing ships.

You Are Studying the Supply of Cruise Ship Tickets