California's commercial drone industry is taking off Customers are finding ever more creative ways to use drones, and 3D Robotics Inc., America's largest producer of consumer drones, expects sales to soar. Source: Los Angeles Times, June 13, 2015 What is happening in the market for commercial drones? How would you expect the price of a drone and the economic profit of a drone producer such as 3D Robotics to change in the short run and in the long run? Question content area bottom Part 1 The _______ drones is _______ in the short run. A. demand for; decreasing B. demand for; increasing C. the supply of; increasing D. supply of; decreasing Part 2 In the short run, the equilibrium price of a drone _______ and the economic profit of drone producers _______. A. falls; decreases B. falls; remains unchanged C. rises; remains unchanged D. rises; increases Part 3 In the long run, _______ the price of a drone, and drone producers make _______. A. entry of new drone producers lowers; zero economic profit B. entry of new drone producers lowers; an economic profit C. exit of existing drone producers raises; an economic profit D. there is neither entry into or