A wave of nostalgia washes over consumers and causes the popularity of fountain pens to increase. What is the likely effect of this in the market for ball-point pens above? Select one: O a. Price and quantity both rise as D shifts to the right. O b. Price rises and quantity falls as S shifts to the left.

A wave of nostalgia washes over consumers and causes the popularity of fountain pens to increase. What is the likely effect of this in the market for ball-point pens above? Select one: O a. Price and quantity both rise as D shifts to the right. O b. Price rises and quantity falls as S shifts to the left.

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter4: The Market Forces Of Supply And Demand

Section: Chapter Questions

Problem 10PA

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