11. Describe what will be the impact of a decrease in the price of airline fares on the demand for hotel accommodation? 12. As consumer Incomes rise, to which direction the demand curve shifts for restaurant dinners?

11. Describe what will be the impact of a decrease in the price of airline fares on the demand for hotel accommodation? 12. As consumer Incomes rise, to which direction the demand curve shifts for restaurant dinners?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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11. Describe what will be the impact of a decrease in the price of airline fares
on the demand for hotel accommodation?

12. As consumer Incomes rise, to which direction the demand curve shifts for
restaurant dinners?

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Microeconomics