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? Question 8 options: Decrease in price, increase in quantity Increase in price and quantity Increase in price, decrease in quantity Decrease in price and quantity

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