26 Watch Out for Rising Dry-Cleaning Bills In the past year, the price of dry-cleaning solvent doubled.

More than 4,000 dry cleaners across the US disappeared as budget-conscious consumers cut back. This year the price of hangers used by dry cleaners is expected to double.

Source: CNN Money, 4 June 2012 a Explain the effect of rising solvent prices on the market for dry cleaning.

b Explain the effect of consumers becoming more budget conscious along with the rising price of solvent on the price of dry cleaning.

c If the price of hangers does rise this year, do you expect additional dry cleaners to disappear? Explain why or why not.