what should happen to the equilibrium price of whoopee cushions when the price of the rubber necessary to make the cushions declines?
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When the price of rubber is reduced, then there is a possibility of large numbers of cushions being made. This could lead to a fall in demand, and that again could lead to fall in the equilibrium price of whoopee cushions.
The price of rubber is the single most significant factor that controls the price of the cushions.
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Balance cost is where request bend and the supply bend compare.
That point is where advertise cost and market amount are resolved.
For this situation whoopee pads and the elastic important to make them are supplements.
It implies that elastic and whoopee pads are straightforwardly identified with one another.
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