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:

Quarterly Sales

The total revenue a company generates from its business activities during a specific three-month period of the fiscal year.

Purchase Price

The amount of money paid to acquire a product or service.

Accounts Payable Period

The average period it takes a company to pay its invoices from suppliers and vendors.

Cash Expenses

Expenses that require an immediate outflow of cash, as opposed to non-cash expenses like depreciation.