Question 37 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 X Quantity 4 tor What would happen to equilibrium if a new smash comedy movie- in which cruises were shown in a fun light- took place on and filmed on a cruise ship? O Price would decrease, quantity would decrease Price would increase, quantity would decrease O Price would decrease, quantity would increase O Price would decrease, quantity would increase Question 38 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 US lowered the legal drinking from 21 to 18? O Price would decrease, quantity would increase O Price would decrease, quantity would decrease O Price would increase, quantity would increase O Price would increase, quantity would decrease Question 39 1 ptsQuestion 35 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 staffs aboard all cruise ships based in Florida unionized and asked before a 10% raise and better health insurance? O Price would decrease, quantity would increase O Price would decrease, quantity would decrease O Price would increase, quantity would decrease O Price would increase, quantity would increase Question 36 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 X What would happen to equilibrium if the global price for oil and fuel rose by 20% over 6 months? O Price would increase, quantity would increase O Price would increase, quantity would decrease O Price would decrease, quantity would increase O Price would decrease, quantity would decreaseQuestion 39 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 2 things happened simultaneously: 1. A major cruise company launches 3 new cruise ships and are set to take their maiden voyages within the next month. These ships are expected to increase the number of cruise vacations by 5%. 2. The US is sneak-attacked by a foreign entity. The US goes to war with this country and the enemy is overseas and in American waters. As a consequence, the US enters a recession and consumer demand for cruises falls by 20%. Assume cruises are not cancelled or postponed. O Price would decrease, quantity would decrease O Price would decrease, quantity would increase O Price would decrease, quantity would increase O Price would increase, quantity would decreaseQuestion 33 1 pt! Assume that we are examining the Florida market for vacation cruises. The market is initially in a point of equilibrium at q*, p\": What would happen to equilibrium if major newspapers and news programs reported on the relative safety of taking cruises? C) Price would increase, quantityIr would increase 0 Price would decrease. quantity.r would increase C} Price would decrease. quantity:r would decrease 0 Price would increase, quantity.r would decrease 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