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Alexxandr [17]
3 years ago
8

Suppose that summer in a resort town is very rainy. we can expect demand to shift _____ and the equilibrium price for hotels to

_____.
Business
1 answer:
MAVERICK [17]3 years ago
5 0
<span>If the summer in a resort town is very rainy we can expect demand to shift left and the equilibrium price for hotels to fall. Decreases</span><span> in </span>demand<span> are shown by a shift to the left</span><span> in the </span>demand curve. <span>If the supply decreases but demand holds steady, the </span>equilibrium price<span> increases but the </span>quantity<span> falls. If in summer rains than it is expected less tourists to visit the city and that is why the demand will be shifted left.</span>
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Answer:

The answer is A.

Explanation:

All other things being equal, an increase in the cost of production of a product will decrease the units of the product being reduced and this reduction in supply shifts the supply curve to left while a decrease in the cost of production will increase the units of the product being produced and this shifts the supply curve to the right.

Printed circuit boards is one of the materials used to build computers and since the price has increased, the cost of producing computer also increases and this will make the producers to produce less, shifting the supply curve to the left.

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