An increase in the price of bicycles and an increase in the number of bicycle helmet companies will A. increase the price of bicycle helmets and increase the equilibrium quantity of bicycle helmets. B. decrease the price of bicycle helmets and affect the equilibrium quantity of bicycle helmets in an indeterminate way. C. affect the price of bicycle helmets in an indeterminate way and decrease the equilibrium quantity of bicycle helmets.. D. increase the price of bicycle helmets and affect the equilibrium quantity of bicycle helmets in an indeterminate way.
An increase in the price of bicycles and an increase in the number of bicycle helmet companies will A. increase the price of bicycle helmets and increase the equilibrium quantity of bicycle helmets. B. decrease the price of bicycle helmets and affect the equilibrium quantity of bicycle helmets in an indeterminate way. C. affect the price of bicycle helmets in an indeterminate way and decrease the equilibrium quantity of bicycle helmets.. D. increase the price of bicycle helmets and affect the equilibrium quantity of bicycle helmets in an indeterminate way.
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter3: Demand And Supply
Section: Chapter Questions
Problem 4SCQ: Many changes are affecting the market for oil. Predict how each of the following events will affect...
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![An increase in the price of bicycles and an
increase in the number of bicycle helmet
companies will
A. increase the price of bicycle helmets and
increase the equilibrium quantity of bicycle
helmets.
B. decrease the price of bicycle helmets and
affect the equilibrium quantity of bicycle helmets
in an indeterminate way.
C. affect the price of bicycle helmets in an
indeterminate way and decrease the equilibrium
quantity of bicycle helmets..
D. increase the price of bicycle helmets and
affect the equilibrium quantity of bicycle helmets
in an indeterminate way.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fbf425c27-2e51-4045-b920-06dc9ba3f5b2%2Ffda6bb6e-3f59-48d2-816a-24f91ee4a786%2Fn6nhllv_processed.jpeg&w=3840&q=75)
Transcribed Image Text:An increase in the price of bicycles and an
increase in the number of bicycle helmet
companies will
A. increase the price of bicycle helmets and
increase the equilibrium quantity of bicycle
helmets.
B. decrease the price of bicycle helmets and
affect the equilibrium quantity of bicycle helmets
in an indeterminate way.
C. affect the price of bicycle helmets in an
indeterminate way and decrease the equilibrium
quantity of bicycle helmets..
D. increase the price of bicycle helmets and
affect the equilibrium quantity of bicycle helmets
in an indeterminate way.
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