What would happen to the equilibrium price and quantity of golf club memberships if the price of landscaping and grass maintenance went up, the price of golf clubs increased, fewer golf courses decided to offer memberships, and health officials announced that playing golf was bad for you?   price will fall and the effect on quantity is ambiguous   price will rise and the effect on quantity is ambiguous   quantity will fall and the effect on price is ambiguous   quantity will rise and the effect on price is ambiguous

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Equilibrium Price and Quantity

Equilibrium refers to a state of balance that comes about because there is equality in all forces.