Business, 22.10.2020 07:01 rebeccamckellpidge
An article in the Wall Street Journal on the recreational vehicle (RV) Industry listed several factors that led to a larger quantity of RVs sold:
a. Increase confidence among households that their future income will rise
b. Low-interest banks to finance the purchase of an RV
c. Falling gasoline prices
d. The 'glamping' trend That has seen a much younger generation embrace the RV lifestyle.
Briefly explain whether each of these factors caused a movement along the demand curve for RVs or a shift in demand curves for RVs. If you believe the demand curve shifted, Explain whether the curve shifted to the right or to the left.
Answers: 1
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An article in the Wall Street Journal on the recreational vehicle (RV) Industry listed several facto...
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