<span>Given that this is the hotels low season, and this would be a definite increase in income that the hotel would not normally get, the hotel manager should accept. 45 suites at $100/ night for 3 nights is a nice $13,500. That would be a nice profit in their low season.</span>
Answer:
d. all of these are possible results of rent controls.
Explanation:
Rent control is when the price of rent is set below the equilibrium price by the government or an agency of the government.
When rent control is done, supply falls as most suppliers would stop selling houses or leave the market. This can lead to the development of a black market to allocate apartments to renters or a longer search times for renters attempting to locate an apartment.
Alternatively, suppliers might reduce the quality of houses so as to reduce cost of production and maximise profit.
I hope my answer helps you
Answer:
The purchase should stay the same or even increase its number.
Explanation:
To begin with, due to the fact that the income elasticity of peanut butter is exactly -0,7 then that good is inferior and because of that when the income drops by 15 percent next year then the consumer will still be buying the product but in a more frequent way due to the fact that if the income decreases then the demand of that product that tend to be inferior will be available for everyone. That is why, as a manager you should continue to buy peanut butter.
Answer:
Part A which statement identifies the central idea of the text President Bush speech
Explanation:
