Question

26)If both the demand for and supply of bicycles increase, the market price will:
Select one:
a. fall only if the supply of bicycles is price inelastic
b. rise only if the demand for bicycles is price inelastic
c. not be predictable without more information
d. rise only in the case of a perfectly inelastic supply of bicycles​

Answer 1

Answer:

If supply rises without a change in demand, it causes an increase in quantity and a decrease in prices. Since increases in demand and supply separately both cause quantities to rise, an increase in both at the same time will also have to cause quantities to rise. ... If they rise the same amount, the price stays the same.

Explanation:

Mark Me Brainliest