Asked by Nickey

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.
Answered by drwls
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.
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