QUESTION: At lunch, two friends are engaged in a heated argument. Their exchange goes like this: The
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QUESTION: At lunch, two friends are engaged in a heated argument. Their exchange goes like this:
The first friend begins, “The supply of hybrid cars and the demand for hybrid cars will both increase. I’m sure of it. I’m also sure the price of hybrids will go down.”
The second friend replies, “I agree with the first part of your statement, but I’m not sure about the price. In fact, I’m pretty sure that hybrid prices will rise.”
They go back and forth endlessly, each unable to convince the other, so they turn to you for advice. What do you say to them?
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1. bachelor of technology in mechanical engineering from indian institute of technology (iit)
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