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1 . 5 The per - night rate for a 5 - star hotel room in Macau has fallen from an average of MOP 1
The pernight rate for a star hotel room in Macau has fallen from an average of MOP in August to MOP in August Demand for star hotel rooms in Macau was falling during this period as well. This is hard to explain because the law of demand says that lower prices should lead to higher demand. Do you agree or disagree? Explain your answer.
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