A perfectly competitive hotel market was initially at a long-run equilibrium. The rollout of a coronavirus vaccine leads to an upsurge in bookings for weddings. What would happen in the short run, assuming that a hotel's costs are not affected by the vaccine?

Select one:

a.Prices will rise and hotels will make positive economic profit

b.Prices will fall and hotels will make negative economic profit

c.Prices will fall but bookings will increase sufficiently that hotels make positive economic profit

d.Prices will be unchanged and hotels will make zero economic profit

e.New hotels will enter the market