Purchase Solution

effect on demand

Not what you're looking for?

Ask Custom Question

Suppose that there is a general increase in incomes. Compare the effect of this increase on the demand faced by the following two chains:
a. Marriott, a four star hotel chain with properties throughout the world.
b. Motel 6, a chain of low priced hotels.

Purchase this Solution

Solution Summary

Suppose that there is a general increase in incomes. Compare the effect of this increase on the demand faced by the following two chains

Solution Preview

Motel 6 can be termed as an inferior product in this case as it is a low priced ...

Solution provided by:
Education
  • BCom, SGTB Khalsa College, University of Delhi
  • MBA, Rochester Institute of Technology
Recent Feedback
  • "Thank you. "
  • "Thank you"
  • "Thank you. I got 20/20 last week for my discussion you help me out with."
  • "Thank you. Great Job. "
  • "Thank you. Great Job. "
Purchase this Solution


Free BrainMass Quizzes
Pricing Strategies

Discussion about various pricing techniques of profit-seeking firms.

Economics, Basic Concepts, Demand-Supply-Equilibrium

The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.

Basics of Economics

Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.

Economic Issues and Concepts

This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.

Elementary Microeconomics

This quiz reviews the basic concept of supply and demand analysis.