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Economics

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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?

  • Economics - ,

    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.

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