Question

Due to high unemployment, people travel less, which affects the markets for things like hotel rooms and gasoline. Which economic concept corresponds to this scenario

Answer 1

Answer:

movement down the demand curve.

Explanation:

Analyzing the information above, it is possible to determine that demand is directly affected by high unemployment rates, that is, with less disposable income, people change their consumption habits, which can influence travel and adjacent markets, that is, with fewer people traveling, the less the number of hotel reservations and the less the number of cars on the road traveling, which directly influences the downward movement of the demand curve.