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 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
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