14. A supply and demand puzzle The following graph presents the market for bikes in 2017. Between 2017 and 2018, the equilibrium price of bikes remained constant, but the equilibrium quantity of bikes decreased. Given this information, you can conclude that between 2017 and 2018, the supply of bikes and the demand for bikes.
14. A supply and demand puzzle The following graph presents the market for bikes in 2017. Between 2017 and 2018, the equilibrium price of bikes remained constant, but the equilibrium quantity of bikes decreased. Given this information, you can conclude that between 2017 and 2018, the supply of bikes and the demand for bikes.
Chapter4: Demand, Supply, And Market Equilibrium
Section: Chapter Questions
Problem 9P
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