Business, 19.03.2020 19:11 cami06

As fewer people buy bicycles, the demand for bicycle helmets will decrease and the price of a helmet will increase. The rise in the price of a bicycle helmet will increase the supply of bicycle helmets."

This statement is because

a. false; a decrease in demand for bicycle helmets does not increase the price of a bicycle helmet and an increase in the price of a bicycle helmet does not increase the supply of bicycle helmets.
b. true; when the demand for bicycle helmets increases, the supply of bicycle helmets increases so that the price of a bicycle helmet does not increase.
c. true; the increase in the price of a bicycle helmet increases the supply of bicycle helmets to eliminate the shortage.
d. false; the decrease in the demand for bicycle helmets creates a surplus and to eliminate the surplus, supply increases.
e. true; when the demand for bicycle helmets increases, the supply of bicycle helmets increases too so that no surplus occurs.

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As fewer people buy bicycles, the demand for bicycle helmets will decrease and the price of a helmet...

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