Economics

posted by .

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.

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Economics: Market Equilibrium

    Question: The market for shoes in 1997. Between 1997 and 1998, the equilibrium price of shoes remained constant, but the equilibrium quantity of shoes decreased. From this, you can conclude that between 1997 and 1998, the supply of …
  2. geography

    Akin to a gulf-in the U.S. I am found. I'm also a ria, "a river that's drowned." I live on the coast, partly surrounded by land. My mouth is wide, and my edges are sand. I'm in the Northeast on the Atlantic Coast. "I'm the largest …
  3. economics

    2. Suppose that the quantity of corn supplied depends on the price of corn, p; and the amount of rainfall, R: The demand for corn depends on the price of corn, p; and the level of income, Y: The equations that describe the supply and …
  4. finance

    Entrepreneur Edward is planning to open a business selling ice cream. He knows that the price of ice cream is determined by the forces of supply and demand, but he wants a report outlining five specific events that can be expected …
  5. economics

    Can you please exlain to me if I'm wrong not just correct me. ps. Ceteris paribusor the following markets, show whether change causes a shift in supply curve, a shift in demand curve, a movement along the supply curve, and/or a movement …
  6. geography

    Can you check my answers? 1. Locate the Gulf of Aden off the eastern coast of Africa. Now, write a definition of a gulf?
  7. Geo 7th Grade

    Which of the following coastal regions contains deposits of petroleum and natural gas?
  8. Economics

    There are 1,000 hot dog stands in Chicago at any given moment. Due to health concerns, a significant number of families move out of the city. Would there be a shift in the demand curve, the supply curve, or both?
  9. Economics - History

    For each event explain how the event would affect price, supply and demand of the product listed: Two days before Thanksgiving the market has many unsold turkeys. Drought forces ranchers to rush their cattle to market.
  10. Macroeconomics

    working on homework & stuck on these three questions. Someone please check if I answered these correctly; Thank you! 1. In the event of excess supply in the coffee market __________. A. the price of coffee will increase B. the price …

More Similar Questions