Which of the following results from an increase in the price of a one-week vacation at beach resorts on the coast of Mexico?
a. An increase in the supply of bicycle tires in Toledo, Ohio.
b. A decrease in the demand for vacations at resorts on Caribbean islands.
c. An increase in the supply of vacation opportunities at resorts on the coast of Mexico.
d. An increase in the demand for vacations at resorts on Caribbean islands.
d
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The supply of a good is a function of price and the demand for the good
Indicate whether the statement is true or false
If expectations about the future don't change at all, then an economic downturn will generally:
A. decrease savings at a given interest rate and shift the supply curve for loanable funds to the left. B. increase savings at a given interest rate and shift the supply curve for loanable funds to the left. C. decrease savings at a given interest rate and shift the supply curve for loanable funds to the right. D. increase savings at a given interest rate and shift the supply curve for loanable funds to the right.