Which of the following events would increase the demand for cruise vacations?

Q: Select one:

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A: The demand curve shows the relationship between quantity demanded and price. The supply curve shows…

Q: price

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A: Demand curve is the curve which shows relationship between price and quantity demand of a good.

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Q: The United Kingdom plans to end the use of gas-powered and diesel-powered cars by the year 2040. At…

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Q: With increased access to wireless technology and lighter weight, the demand for laptop computers has…

A: When there is a shift in demand of a laptop, because of an increase in access to wireless…

Q: he following statements contain common errors. Identify and explain each error using the…

A: Equilibrium in economics is the state of stability and balance. Any deviation from this level will…

Q: Identify two causes, apart from an increase in income, of an increase in demand for a product.

A: Demand for a product implies the desire of people to have a good supported by the willingness and…

Q: All of the following are non-price determinants of demand except *

A: Generally, in economic theory, the primary determinants of demand and supply are considered to be…

Q: The following sets of statements contain common errors. Identify and explain each error: a. Demand…

A: Law of demand stated that as price of a good increases, the quantity demanded falls.

Q: Suppose the demand for chocolate bars is downward sloping. Which of the following will occur as a…

A: Downward sloping demand curve implies the inverse relationship between price and quantity demanded.

Q: What effect will each of the following have on the demand for small automobiles such as the Mini…

A: The law of demand establishes the inverse relationship between the price and quantity demanded,…

Q: The market for cruises is at its market equilibrium when two events occur: cruise companies increase…

A: "Market is in equilibrium when market demand and market supply for a particular product intersect…

Q: What happens to the price and quantity of bagged salad when the price of salad dressing decreases?…

A: Complementary goods are the goods that adds value to one another and they cannot be used without one…

Q: Coca Cola and Pepsi are substitutes. If the price of Coca Cola decreases, which of the following…

A: Substitute goods refer to the good which are used for each other. Rise in the price of one good…

Q: Which of the following would cause an increase in the demand for natural gas, which would cause the…

A: When the price of substitute goods or related goods are increasing in the market then the demand for…

Q: The equilibrium price of rental houses has increased by 7 per cent in the last three years. Which of…

A:

Q: What will happen to demand for normal goods with the increase in population

A: An inferior good defines a good whose desired demand tends to drop with the increment in the money…

Q: The increase or decrease in the entire demand is shown through a shift of the entire demand curve.…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: “A household’s decision about what quantity of a particular output, or product to demand depends on…

A: Demand shows the quantity consumer likes to have for utility. As per law of demand, with increase in…

Q: An increase in the price of pineapples will result in a decrease in the demand for pineapples. a…

A: Answer: Correct option: (d) a larger quantity of pineapples supplied Explanation: According to the…

Q: A product with an inelastic demand means that consumers are relatively insensitive to a change in…

A: Elasticity measures the responsiveness of change in quantity demanded due to change in price. It is…

Q: Which one of the following may result in a decrease in the demand for frozen vegetables? A. A rise…

A: As the question considers both the frozen and fresh vegetables, there may prevail the concept of…

Q: What effect will each of the following have on the demand for small automobiles such as the…

A: Hello. Since your question has multiple sub-parts, we will solve the first three sub-parts for you.…

Q: Which of the following would not cause a decrease in the demand for bananas?  a. Reports surface…

A: The increase in the price of a commodity will decrease the demand of that commodity and vice versa.

Q: If Greensboro officials expect that an increase in bus fares (prices) will decrease total revenue,…

A: Elastic demand: The elastic demand refers to that the small change in the price results in large…

Q: When the price of oil declines significantly, the price of gasoline also declines. The latter occurs…

A:

Q: Which of the following will have no impact on the demand for Yogurtland frozen yogurt in San Diego?…

A: Note: We will answer one question as the exact one was not specified. Please resubmit a new question…

Q: The "supply of new houses" in Houston is best understood to mean which of the following ?   A. As…

A: Meaning of Demand and Supply: The term demand refers to the willingness of an individual to…

Q: An increase in the price of Samsung phones would cause a decrease in the _______ for Samsung phones…

A: An increase in the price of Samsung phones would cause a decrease in the quantity demanded for…

Q: In the market for jeans, which of the following events increases the demand for a pair of jeans? А.…

A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…

Q: Which of the following is least likely to increase the demand for new tires? a decrease in the price…

A: Change in Demand ie increase or decrease in demand occurs due to change in non price factors like…

Q: Price of tin and silicone decrease affecting the market for iPhones A)Decrease in supply…

A: The market is a mechanism that would result in the interaction of the demand and supply forces. The…

Q: An increase in the price of gasoline leads to an increase in the demand for small cars. An increase…

A: Derived demand is a financial term that alludes to the demand for a decent or administration that…

Q: In December, the price of Christmas trees rises and the quantity of trees sold also rises. Is this a…

A: So, during December, when the price of the Christmas trees would rise, it would not be a violation…

Q: rightward shift in demand for new games because of the NEW Nintendo PS5

A: Demand Curve: - demand curve is the graphical way of showing the relationship between the quantity…

Q: Pepsi and burger are complements because they are often enjoyed together. When the price of pepsi…

A: Complements goods are those goods which are used together. Like pen and ink, in the Complements…

Q: Demand means the desire for a particular good backed up by sufficient purchasing power. Explain.

A: Demand suggests that effective need or need for a goods, that is backed by the facility and…

Q: The demand for Hawaiian vacations is inelastic. Are the following statements true or false? A. If…

A: Elasticity of demand is used in economics to calculate the change in the quantity demanded of any…

Q: “As more people buy televisions, the demand for Cable services increases and the price of Cable…

A: Complementary services and goods is an item or administration that increases the value of another.…

Q: The income effect of a price change is the change in *       quantity sold caused by a change in…

A: Price effect is the effect of the price change on the quantity demanded of a product. The price…