A growing number of utility companies are using drones for site inspections. What is the effect of these changes on the equilibrium price and quantity, in the market for drones?
A) Both the equilibrium price and the equilibrium quantity will rise.
B) The equilibrium price falls, and the equilibrium quantity rises.
C) The equilibrium price rises and the equilibrium quantity falls.
D) The equilibrium price rises and the change in equilibrium quantity is ambiguous.
Correct Answer:
Verified
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