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14 Mar 2018
6. The price of scooters rises, at the same time, workers in the bicycle industry are de-unionized and their wages fall. As a result, in the bicycle market: AP and Q* both rise BP and Q* both fall CP rises and Q* falls D) P falls and Qrises E) P rises, but we do not know exactly what happens to Q F) P falls, but we do not know exactly what happens to Q G) Q' rises, but we do not know exactly what happens to P H) Q falls, but we do not know exactly what happens to P I) either P and Q' both rise, or P and Q* both fall, or neither changes J) either Prises and Q* falls, or Pfalls and Q* rises, or neither changes
6. The price of scooters rises, at the same time, workers in the bicycle industry are de-unionized and their wages fall. As a result, in the bicycle market: AP and Q* both rise BP and Q* both fall CP rises and Q* falls D) P falls and Qrises E) P rises, but we do not know exactly what happens to Q F) P falls, but we do not know exactly what happens to Q G) Q' rises, but we do not know exactly what happens to P H) Q falls, but we do not know exactly what happens to P I) either P and Q' both rise, or P and Q* both fall, or neither changes J) either Prises and Q* falls, or Pfalls and Q* rises, or neither changes
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