Average price per person (R) 30 01 Occupancy rate (%) EXERCISE 9 South Africa has commonly been viewed as a cheap international tourist destination, largely due to our weaker rand. During the 2010 soccer World Cup, there was a large increase in the number of tourists, followed by a sharp decrease in 2011. Economists suggest 500 100 450 90 400 80 350 70 300 60 that this decrease in tourist activity was 250 50 possibly due to South Africans charging excessively high prices, and therefore, the international community no longer sees 200 Occupancy rate 40 150 Average price per person this country as a 'cheap' destination. Use the graphs to comment on this 100 20 10 50 situation. '00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 Year
Average price per person (R) 30 01 Occupancy rate (%) EXERCISE 9 South Africa has commonly been viewed as a cheap international tourist destination, largely due to our weaker rand. During the 2010 soccer World Cup, there was a large increase in the number of tourists, followed by a sharp decrease in 2011. Economists suggest 500 100 450 90 400 80 350 70 300 60 that this decrease in tourist activity was 250 50 possibly due to South Africans charging excessively high prices, and therefore, the international community no longer sees 200 Occupancy rate 40 150 Average price per person this country as a 'cheap' destination. Use the graphs to comment on this 100 20 10 50 situation. '00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 Year
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Occupancy rate (%)
Average price per person (R)
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ar tour OF IIIUre CDS. Thát way, the dip in his profits will be removed
EXERCISE 9
South Africa has commonly been
viewed as a cheap international tourist
destination, largely due to our weaker
rand. During the 2010 soccer World
500
100
450
90
400
Cup, there was a large increase in the
number of tourists, followed by a sharp
80
350
70
decrease in 2011. Economists suggest
300
60
that this decrease in tourist activity was
250
50
possibly due to South Africans charging
excessively high prices, and therefore, the
international community no longer sees
this country as a 'cheap' destination.
Use the graphs to comment on this
200
Occupancy rate
40
150
30
Average price per person
100
20
10
50
situation.
01
'00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11
Year
Unit 3 Tables, equations
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