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28 Sep 2019
The demand for new recreational vehicles (motor homes) in theUnited States is highly cyclical and sensitive to diesel fuelprices and interest rates. Given these characteristics, describethe effect of each of the following on the quantity demanded or thedemand for new motor homes. Indicate whether the effect of each ofthe following is an upward or downward movement along a givendemand curve or instead involves an outward or inward shift in therelevant demand curve for new motor homes. Explain youranswers.
- A decrease in the average price of new motor homes.
- An increased fear of traveling by air because of terroristthreats.
- A fall in the price of diesel fuel (used in many motor homes)because of a peaceful resolution of the war in Iraq.
- A significant rise in advertising by cruise ship operators.
The demand for new recreational vehicles (motor homes) in theUnited States is highly cyclical and sensitive to diesel fuelprices and interest rates. Given these characteristics, describethe effect of each of the following on the quantity demanded or thedemand for new motor homes. Indicate whether the effect of each ofthe following is an upward or downward movement along a givendemand curve or instead involves an outward or inward shift in therelevant demand curve for new motor homes. Explain youranswers.
- A decrease in the average price of new motor homes.
- An increased fear of traveling by air because of terroristthreats.
- A fall in the price of diesel fuel (used in many motor homes)because of a peaceful resolution of the war in Iraq.
- A significant rise in advertising by cruise ship operators.
- A decrease in the average price of new motor homes.
- An increased fear of traveling by air because of terroristthreats.
- A fall in the price of diesel fuel (used in many motor homes)because of a peaceful resolution of the war in Iraq.
- A significant rise in advertising by cruise ship operators.
Retselisitsoe PokothoaneLv10
28 Sep 2019
