Which One of the Following Would Cause an Increase in the Demand

question 266

Multiple Choice

Which one of the following would cause an increase in the demand for hotel rooms in Hawaii?

• A) an increase in airfares to Hawaii
• B) a decrease in airfares to Hawaii
• C) an upward movement along the demand curve for stays in Hawaiian hotel rooms
• D) a downward movement along the demand curve for stays in Hawaiian hotel rooms

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Definitions:

Notes Payable

Notes payable are written agreements where a borrower agrees to pay back a specified amount of money, plus interest, to a lender at a future date.

Accounts Receivable

Amounts owed to a business by its customers for goods or services delivered but not yet paid for.

Journalize

The act of recording transactions in the journal as part of the accounting process.

Office Equipment

Tangible property like desks, computers, and machinery used in an office for operations.