posted by Anonymous on .
In the event of Hurricanes in the Gulf Coast and the Market affected by event is Gulf Coast tourism is there a Shift in supply, demand, or both and the Change in equilibrium would be what?
Well, demand is going to go down because people don't want to go to a hurricane area. Supply will also go down because some homes and places are destroyed by the hurricane. Since both go down, market equilibrium will also go down.