A recent medical study reports new benefits of cycling.Simultaneously,the price of the parts needed to make bikes falls. The demand curve would _________ and the supply curve would__________

Question

​A recent medical study reports new benefits of cycling.Simultaneously,the price of the parts needed to make bikes falls. The demand curve would _________ and the supply curve would__________

Quizplus · Accepted Answer

The demand curve would shift to the right due to the reported new benefits of cycling increasing consumer interest, and the supply curve would shift to the right as the fall in the price of parts needed to make bikes would likely increase the supply of bikes due to lower production costs.

​A Recent Medical Study Reports New Benefits of Cycling

A Recent Medical Study Reports New Benefits of Cycling