yzorikov yzorikov

03-05-2024
Business

Answered

Question 12
Explain how each of the following would affect the demand curve for Universal’s rental cars. The only choices for your answers are: shift up, shift down, no effect.
1. Consumer incomes increase
2. Competitor's price decreases
3. Season switches from high to low season
4. Universal's rental price increases

Answer :

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