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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13-09-2022
Business

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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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mapooja789 mapooja789 · Answer 1 · 2022-09-17T18:46:23-04:00

The price of the parts needed to drop the bike. If the change in supply is greater than the change in demand, the price goes down and the quality goes up

Supply and demand is the economic model of pricing in the market. That is, all other things being equal, in a competitive market, the unit price of a particular commodity or other traded commodity such as labor or liquid financial assets is the quantity requested (the current price), which is the quantity supplied. Equal to Quantity (at the current price).

Definition of supply and demand: the number of goods and services that people can buy and the number of goods and services that people are willing to buy Supply and demand indicates that more can be demanded of a product. Supply and demand have an important relationship as they together determine the price and quantity of most goods and services available in a particular market. According to market economy principles, the relationship between demand and supply will be in equilibrium at some point in the future.

Learn more about supply here: https://brainly.com/question/26430220

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