The next 2 questions refer to the following problem I created: Use supply and de

Q: The next 2 questions refer to the following problem I created: Use supply and de

5) During the graduation, there is celebration , thus students and parents participate in this programme. There is huge rise in demand. thus, demand curve will shift to right during the graduation weekend. Right answer is : Demand shifts right. 6) when demand shifts to right, there are increases in quantity and price. This right answer is : Both up.

ID: 1142075 • Letter: T

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The next 2 questions refer to the following problem I created: Use supply and demand analysis to explain why hotel room rental rates near your campus during graduation weekend might differ from rates charged during the rest of the year. 5. Which curve will shift which way in the hotel market at graduation? Demand shifts right Demand shifs left Supply shifts right Supply shifts left 6. What will happen to the equilibrium price and quantity? Price up, Quantity down Price down, Quantity up Both up Both down

Explanation / Answer

During the graduation, there is celebration , thus students and parents participate in this programme. There is huge rise in demand. thus, demand curve will shift to right during the graduation weekend.

Right answer is : Demand shifts right.

when demand shifts to right, there are increases in quantity and price.

This right answer is : Both up.

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The next 2 questions refer to the following problem I created: Use supply and de

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