As more people buy gym membership, the demand for running shoes will increase and the price of a pair of running shoes will rise. The rise in the price of a pair of running shoes will increase the supply of running shoes." This statement is _____ because _____. Group of answer choices true; when demand increases, supply increases so that the price of the good does not fall false; as the price of a pair of running shoes rises, the supply of running shoes does not increase false; the price of a pair of running shoes does not rise when the demand for running shoes increases true; when demand increases, supply increases so that no surplus occurs true; the increase in the price of a pair of running shoes increases the supply of running shoes, which eliminates any shortage
"As more people buy gym membership, the
Group of answer choices
true; when demand increases, supply increases so that the price of the good does not fall
false; as the price of a pair of running shoes rises, the supply of running shoes does not increase
false; the price of a pair of running shoes does not rise when the demand for running shoes increases
true; when demand increases, supply increases so that no surplus occurs
true; the increase in the price of a pair of running shoes increases the supply of running shoes, which eliminates any shortage
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