What happens in the market for bike sharing if the supply of bikes increases by more than the demand for bikes increases?   The equilibrium price of a bike ride will ________ and the equilibrium quantity of bike rides will _______.     A. fall; decrease   B. rise; increase   C. fall; increase

Essentials of Economics (MindTap Course List)
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ISBN:9781337091992
Author:N. Gregory Mankiw
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Chapter4: The Market Forces Of Supply And Demand
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What happens in the market for bike sharing if the supply of bikes increases by more than the demand for bikes increases?
 
The equilibrium price of a bike ride will ________ and the equilibrium quantity of bike rides will _______.
 
 
A.
fall; decrease
 
B.
rise; increase
 
C.
fall; increase
 
D.
rise; not change
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