Use supply and demand analysis to explain why hotel room rental rates near your campus during parents’ weekend and graduation weekend might differ from the rates charged during the rest of the year.

1 answer

Supply remains the same; demand goes up. Hotel owners maximize profits by charging more, since there are plenty of people willing to pay a much higher price at that time. You can show it with S & D curves if you wish. Pretty basic stuff.
Similar Questions
    1. answers icon 0 answers
  1. Hotel construction tends to come in waves, resulting ina) a major increase of capital flowing into the industry b) excess supply
    1. answers icon 1 answer
  2. Help pleaseeeeThe Hotel Regal has 500 rooms. Currently the hotel is filled. The daily rental is $ 400 per room. For every $4
    1. answers icon 1 answer
  3. Help please >.<The Hotel Lakewell has 450 rooms. Currently the hotel is filled . The daily rental is $ 750 per room. For every $
    1. answers icon 2 answers
more similar questions