Fill in the blanks below using the following choices: increases OR decreases.
(a) As the price of roses increases, the quantity demanded of roses _________.
(b) As the expected price of airline tickets rises, the current demand for airline tickets _________.
(c) As the demand for cruise ship vacations falls, the price of cruise ship tickets _________.
(d) When the tourist season begins in Bali, the price of hotels rooms _________.
Correct Answer:
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Q117: Fill in the blanks below using the
Q118: Fill in the blanks below using the
Q120: The law of demand is the tendency
Q121: The tendency for quantity demanded to be
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Q123: The law of demand implies that you
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