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1-Make comment on the following statement The cold weather reduced the quantity demanded for hotel rooms in Hawar Island, thereby reducing both the equilibrium price
1-Make comment on the following statement "The cold weather reduced the quantity demanded for hotel rooms in Hawar Island, thereby reducing both the equilibrium price of renting a hotel room and the number of rooms rented. The fall in the price of hotel rooms in turn increased demand so that in the end price returned to its original level."
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