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Author Question: The figure shows the demand curve for hotel rooms at a local resort. a. If the hotel charges $120 ... (Read 320 times)

lidoalex

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The figure shows the demand curve for hotel rooms at a local resort.
a. If the hotel charges $120 per night, how many rooms will they rent?
b. If there are only 40 rooms available, how much are customers willing to pay for a room?
c. If 60 rooms are available, how much are customers willing to pay?
d. What do the dollars in your answer to part (c) represent?


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Marked as best answer by lidoalex on May 24, 2019

Zack0mack0101@yahoo.com

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