Suppose you live about the same distance from the outer banks and from hilton head island and spending a week in either place are substitute goods. If the price of rental homes on the outer banks declines, what happens in the market for rental homes in hilton head? Group of answer choices demand decreases and rental prices in hilton head decline demand decreases and rental prices in hilton head rise demand increases and rental prices in hilton head increase demand increases and rental prices in hilton head decrease

Principles of Macroeconomics (MindTap Course List)
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Chapter4: The Market Forces Of Supply And Demand
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Suppose you live about the same distance from the outer banks and from hilton head island and spending a week in either place are substitute goods. If the price of rental homes on the outer banks declines, what happens in the market for rental homes in hilton head?

Group of answer choices

demand decreases and rental prices in hilton head decline

demand decreases and rental prices in hilton head rise

demand increases and rental prices in hilton head increase

demand increases and rental prices in hilton head decrease

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