Using a graph and a few sentences, explain whether the following events cause a shift in demand or a movement along the demand curve. You need to specify whether the event caused an increase or decrease in demand (shifts) or quantity demand (movement). What would be the effect of an increase in income on the market for hotel rooms?

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter4: Demand, Supply, And Market Equilibrium
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Using a graph and a few sentences, explain whether the following events cause a shift in demand or a movement along the demand curve. You need to specify whether the event caused an increase or decrease in demand (shifts) or quantity demand (movement).

What would be the effect of an increase in income on the market for hotel rooms?

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