Question: During a heatwave, the demand for air conditioners increases, while at the same time, a technological breakthrough reduces the cost of producing air conditioners. What

During a heatwave, the demand for air conditioners increases, while at the same time, a technological breakthrough reduces the cost of producing air conditioners. What is the likely impact on the market for air conditioners? Decrease in price and quantity Increase in price, decrease in quantity Increase in price and quantity Decrease in price, increase in quantity

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