How about the demand curve for rooms

Reference no: EM133711864

Question: In a shorefront tourist town, a hurricane washes away the beach. All of the town's hotels, however, are still intact, but the beach that was an added value to vacationers is no longer available. a) Describe how this hurricane would affect the supply curve for hotel rooms (stay the same, shift to the left, shift to the right). b) How about the demand curve for rooms? c) After the hurricane, how would the equilibrium price and quantity of hotel rooms change? (increase, decrease, not change) d) Suppose the neighboring town still has its beach. After the hurricane, how wold the market demand curve for hotel rooms shift in this town (to the right, left, same)?

Reference no: EM133711864

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