Peak season demand for Orlando hotel rooms is: Rooms = 200,000 - 1000 Rate. What would be the nightly room rate that would fill all 100,000 rooms in Orlando hotels?

Goods and activities typically are more highly valued the sooner they can be enjoyed, other things constant,

a. only when interest rates are positive b. because interest rates are positive c. only when people save d. because people save e. because people have positive rates of time preference

Other things equal, an adverse supply shock would

a. Lower the price level b. decrease real output c. Shift AD left d. Do a. and b. but not c.