Question
Suppose you live about the same distance from the outer banks and from hilton head island and spending a week in either place are substitute
Suppose you live about the same distance from the outer banks and from hilton head island and spending a week in either place are substitute goods. If the price of rental homes on the outer banks declines, what happens in the market for rental homes in hilton head?
demand decreases and rental prices in hilton head decline
demand decreases and rental prices in hilton head rise
demand increases and rental prices in hilton head decrease
demand increases and rental prices in hilton head increase
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Business Its Legal Ethical and Global Environment
Authors: Marianne M. Jennings
11th edition
1337103578, 978-1337514392, 133751439X, 978-0357690130, 978-1337103572
