Does this data suggest that occupancy would have been higher if Autumn Acres had raised its rates?

Does this data suggest that occupancy would have been higher if Autumn Acres had raised its rates?
October 10, 2020 Comments Off on Does this data suggest that occupancy would have been higher if Autumn Acres had raised its rates? Uncategorized Assignment-help
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During the last five years, average daily occupancy at Autumn Acres nursing home has slid from$ 125 to $95 even though Autumn Acres has cut its daily rate from $125 to $115.

Does this data suggest that occupancy would have been higher if Autumn Acres had raised its rates?

What changes in non-price demand factors might explain this change?

Note: The supply, or the number of nursing home beds in the area, has not changed during this period.