Business, 13.02.2020 23:28 Ndkeie5286

Recent rains increase the demand for kayaks, as paddlers want to take advantage of the exciting river conditions on the Oconee River. New plastics technology makes kayaks less expensive to make. As a result, one should expect:

a. Equilibrium price to rise, but equilibrium quantity to be indeterminate from the information given.
b. Equilibrium price to fall, but equilibrium quantity to be indeterminate from the information given.
c. Equilibrium price to be indeterminate from the information given, but equilibrium quantity to rise.
d. Equilibrium price to be indeterminate from the information given, but equilibrium quantity to fall.

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Recent rains increase the demand for kayaks, as paddlers want to take advantage of the exciting rive...

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