Homework Clinic
Hands-on Clinic => Food and Culinary Arts => Topic started by: Chloeellawright on Jun 15, 2020
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For many years a restaurant is the only operation located on the ocean. They can charge premium prices, as guests love the view. Four more restaurants open on the same beach. What economic principle will dictate what premium guests may now be willing to pay for the view?
◦ Law of supply and demand
◦ Trend or fad of new operations
◦ Location, location, location
◦ Incremental revenues
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Law of supply and demand
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thank you!
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Thank you
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thank you
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thank you
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Thank you
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Thank you
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thank you
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Thank you
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thank you
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thnx
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Thank you man!