Question: The table below shows data on quantity demanded for ATV tours at an ATV excursion company in Bali. In June, many tourists arrive in Bali,

The table below shows data on quantity demanded for ATV tours at an ATV excursion company in Bali. In June, many tourists arrive in Bali, and the additional demand from these tourists is indicated in the table. Which of these is TRUE about the market for ATV tours in June?
\table[[Price per ATV tour,Number of ATV tours demanded,Number of additional ATV tours],[(per person),by tourists in May,demanded by tourists in June],[$99,874,272],[$119,819,245],[$149,736,197],[$189,604,145]]
At a price of 5119, the total manket demand for AIV V tours in June is 245.
At a price of $189, the total manket demand for AIV tours in June is 459.
At a price of 599, the total makket demand for ArV tours in June is 272.
At a price of 5149, the total market demand for AIV tours in June is 933.
The table below shows data on quantity demanded

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!