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Economics

Suppose recent and widely circulated medical article reports new benefits of cycling exercise. Simultaneously, the price of the parts needed to make bikes falls. If the change in supply is greater than the change in demand, the price will _____ and the quantity will _______.

a. Rise, rise

b. Rise, fall

c. Fall, rise

d. Fall, fall

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91274951

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