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The following events occur one at a time in the market for Educational Tour. A. Educational Tour becomes popular B. The price of an Educational
The following events occur one at a time in the market for Educational Tour. A. Educational Tour becomes popular B. The price of an Educational Tour rises C. The price of Educational Tour to Manila rises D. Dragon Tour Agency launches its new "students only" Educational Tour E. People expect the price of an Educatinal Mali next year. F. Tour Companies increase the number of leading companies booked for their educational tour. Questions: 1. Explain the effect of each event on the demand for Educational Tour. Choose the following options a. Demand of educational tour decreases a. Demand of educational tour decreases b. Demand of educational tourn increase c. Decreases the Quantity of educational tour demanded d. Increases the Quantity of educational tour demanded 2. Use a graph to illustrate the effects of each event. 3. Does any event (or events) illustrate the law of demand
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