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Using a Change in Supply And/or Demand,explain the Following Phenomena

Question 82

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Using a change in supply and/or demand,explain the following phenomena:
a.All else constant,gasoline prices are higher in summer than winter months.
b.At the same time that the quality of personal computers has been increasing,the price of personal computers has been falling.

Using a change in supply and/or demand,explain the following phenomena:
a.All else constant,gasoline prices are higher in summer than winter months.
b.At the same time that the quality of personal computers has been increasing,the price of personal computers has been falling.

Correct Answer:

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a.Demand for travel is higher in summer ...

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