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Question 33 1 pts Assume that we are examining the Florida market for vacation cruises. The market is initially in a point of equilibrium at
Question 33 1 pts Assume that we are examining the Florida market for vacation cruises. The market is initially in a point of equilibrium at q*, p*: 8 Price p D Quantity q What would happen to equilibrium if major newspapers and news programs reported on the relative safety of taking cruises? O Price would increase, quantity would increase O Price would decrease, quantity would increase O Price would decrease, quantity would decrease O Price would increase, quantity would decrease Question 34 1 pts Assume that we are examining the Florida market for vacation cruises. The market is initially in a point of equilibrium at q*, p*: Price p Quantity q What would happen to equilibrium if the average American's inflation-adjusted annual income fell by 5%% over a year? O Price would decrease, quantity would increase Price would decrease, quantity would decrease O Price would increase, quantity would increase O Price would increase, quantity would decrease
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