Morgan's Moped and Bicycle Store is located on the property of a five-star resort in Alberta.The mopeds and bikes are rented based on one-hour increments.Morgan lowers her standard prices to attract patrons during daily rainstorms in June and August.This is an example of decreasing supply.

Question

Quizplus · Accepted Answer

This is an example of decreasing demand, not decreasing supply. Morgan is lowering her prices to attract more customers during rainstorms, which likely resulted in a decrease in demand for her rental services.

Morgan's Moped and Bicycle Store Is Located on the Property