ECONOMICS (CBSE/UGC NET)

ECONOMICS

DEMAND

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
It’s winter. What happens to the market for trips to Disneyland?
A
Demand increases
B
Demand decreases
C
Supply increases
D
Supply decreases
Explanation: 

Detailed explanation-1: -Prices, availability, quality, and individual tastes among customers are some of the elements that play a role in determining the level of demand for goods and services offered by The Walt Disney Company (Krueger, 2019).

Detailed explanation-2: -The theme park first opened in Anaheim in California on July 17th 1955.

Detailed explanation-3: -If you’re looking for history and nostalgia, Disneyland is the way to go. That’s because it was Walt Disney’s very first theme park, which opened its doors on July 17, 1955. At the time, the park only had a few areas, including Main Street, Fantasyland, Adventureland, Frontierland, and Tomorrowland.

There is 1 question to complete.