Asked by Anonymous
In the event of Hurricanes in the Gulf Coast and the Market affected by event is Gulf Coast tourism is there a Shift in supply, demand, or both and the Change in equilibrium would be what?
Answers
Answered by
Michael
Well, demand is going to go down because people don't want to go to a hurricane area. Supply will also go down because some homes and places are destroyed by the hurricane. Since both go down, market equilibrium will also go down.
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.