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I need a summary of any articles thatRelatedto microeconomics that include : - your opinion: Do you agree with the article? -Relate the article to themicroeconomicsclass (supply and demand) - citation...

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I need a summary of any articles thatRelatedto microeconomics

that include :

- your opinion: Do you agree with the article?

-Relate the article to themicroeconomicsclass (supply and demand)

- citation in the end

-article should be written in 2013 no earlier than that.

Answered Same Day Dec 22, 2021

Solution

David answered on Dec 22 2021
123 Votes
http:
www.independent.co.uk/news
usiness/news/hotels-face-hard-2013-as-supply-outstrips-demand-8449991.html
The article informs us that prices of rooms in hotels in London are expected to decline this year. The fall is expected to be around 2.7% to a level of 139.07 pounds per room. . it clearly quotes a PWC report that concludes that ‘London's hotel sector is set to suffer an Olympic-sized hangover this year amid a glut of new hotel rooms and slumping demand.’ This is based on a simple understanding of demand and supply factors that affect room rates. These include:
Higher supply of rooms. This is the result of...
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