-The table gives the demand and supply schedules for boat rides. If the supply of boat rides increases by 20 rides a day, the price will

Name: -The table gives the demand and supply schedules for boat rides. If the supply of boat rides increases by 20 rides a day, the price will
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Question

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When the supply of boat rides increases, the supply curve shifts to the right, leading to a lower equilibrium price. Therefore, the price will fall to $6 a ride.

-The Table Gives the Demand and Supply Schedules for Boat