Multiple Choice
During the Winter Olympics in Vancouver, some residents rented rooms to visitors. This behavior
A) helped reduce the shortage of hotel rooms caused by the high demand during the Olympics.
B) reduced the demand for tickets to the Olympics since many local residents left town while they rented out space in their homes.
C) hurt the hotel market in Vancouver in the long run because new hotels that should have been built were not built for the Olympics.
D) raised the demand for hotel rooms in Vancouver and should have been prevented by the city of Vancouver.
Correct Answer:

Verified
Correct Answer:
Verified
Q24: The signaling aspect of the market system
Q74: In the automobile industry, workers have just
Q80: Which of the following is a possible
Q123: When consumers would have been willing to
Q137: Prices in a market economy perform a
Q148: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Scalping at major
Q161: Ways to ration goods include<br>A) first-come, first-served.<br>B)
Q169: If demand and supply both decrease<br>A) the
Q281: If supply and demand both simultaneously increase<br>A)
Q374: An import quota is a limit on