Question: Anwer the question 16 FA 17 CA Questions 26 - 30; Refer to the following graph for a visual. (answer from the consumer side) 18

Anwer the question

16 FA 17 CA Questions 26 - 30; Refer to the following graph for a visual. (answer from the consumer side) 18 CA Bicycles 19 CA 20 CA 21 FA 22 CA 23 EA 24 CA P 26. The bicycle market: Riding bike to school becomes much more popular among high school students across the country when rappers promote it on their YouTube channels. What shifter of supply or demand is at work? (choose from the word bank on previous page) 27. Referring to question 26, which direction will the supply curve shift? a. right/increase b. left/decrease c. remain unchanged 28. Referring to question 26, which direction will the demand curve shift? a. right/increase b. left/decrease c. remain unchanged a. increase 29. Referring to question 26, what will happen to the equilibrium price in the bicycle market? b. decrease C. remain unchanged a. increase 30. Referring to question 26, what will happen to the equilibrium quantity in the bicycle market? b. decrease c. remain unchanged

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