Recall Application 3, "The Supply and Demand for Cruise Ship

Recall Application 3, "The Supply and Demand for Cruise Ship Berths," to answer the following questions:
-Based on the application, the effects on the equilibrium price of a severe recession (all else equal) and an increase in the supply of cruise ships:

A) both increase the price of cruise ship berths.
B) are direct opposites, and the equilibrium price may increase or decrease.
C) both decrease the price of cruise ship berths.
D) cancel out, resulting in no change in the equilibrium price.