Suppose that a recent,widely-circulated medical article reports new benefits of exercise.Simultaneously,the price of the parts needed to make exercise bicycles falls.What is the likely effect on the supply of and demand for exercise bicycles sold?
A) Supply shifts to the right and demand shifts to the right.
B) Supply shifts to the right and quantity demanded falls.
C) Quantity supplied falls and demand shifts to the left.
D) Quantity supplied rises and demand shifts to the left.
E) Both supply and demand are unaffected.
If both buyers and sellers expect the price of a commodity to rise in the future,it is likely that equilibrium price will ________ and equilibrium quantity will ________.
If both buyers and sellers expect the price of a commodity to rise in the future,it is likely that equilibrium price will ________ and equilibrium quantity will ________.
A) fall;change very little
B) rise;change very little
C) change very little;fall
D) change very little;rise
E) be the same;be the same