If a summer in a resort town is very rainy,we can expect demand to shift left and the equilibrium price for hotels to rise.

Question

Quizplus · Accepted Answer

If a summer in a resort town is very rainy, the demand for hotel rooms may decrease due to less interest in outdoor activities and attractions. This would cause a shift to the left in the demand curve, but it would also lead to a decrease in the equilibrium price, not an increase. Therefore, the statement is false.

If a Summer in a Resort Town Is Very Rainy,we