Please answer the following

PART 1: Indicate the effects ofeach ofthe following policies on the short-run and long run equilibrium price, prots and # of nightly hotel stays sold in Seattle. Assume the hotel services market is perfectly competive, the market is in a long-run equilibrium before each change occurs and hotel stays are a normal good. Also assume ceteris paribus for each policy. Note: there are 8 questions to answer here browse right to see all of them! Please use the following notation: + the variable increases ' the variable decreases 0 the variable does not change A the variable change is ambiguous [i.e. it may rise. fall, or stay the same] SHORT RUN LONG RUN Nightly room Price Hotel Profit Nightly room Price it of Hotel nights sold A. Entry of Airbnb services in Seattle. B. A Seattle city ordinance requires Airbnb service providers to pay city taxes