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A gas station on a lake sells fuel to boaters. Falling fuel prices throughout the country have decreased the gas station's costs, but over the
A gas station on a lake sells fuel to boaters. Falling fuel prices throughout the country have decreased the gas station's costs, but over the same period of time, the lake has become an increasingly popular vacation spot, attracting more and more boaters. What impact do these changes have on the equilibrium price and quantity of gasoline sold by the station? Price and quantity both increase. Price decreases, and quantity increases. Quantity increases, and the impact on price cannot be determined. Price decreases, and the impact on quantity cannot be determined
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