During the current pandemic, people have looked for additional opportunities for physical exercise and recreation. One particular form of physical recreation that has become increasingly popular is bicycling. In this question, we will examine the effects of the increased popularity of bicycling on the equilibrium price and quantity of bicycles. a) Result: state the effects of the increased popularity of bicycles on the equilibrium price and quantity of bicycles. b) Moral of the story: should you use this format for analyzing the effects of any change in demand or supply? c) Follow up to Moral of the Story: should you analyze any future test questions involving a change in demand or supply using this format? During the current pandemic, people have looked for additional opportunities for physical exercise and recreation. One particular form of physical recreation that has become increasingly popular is bicycling. In this question, we will examine the effects of the increased popularity of bicycling on the equilibrium price and quantity of bicycles. a) Result: state the effects of the increased popularity of bicycles on the equilibrium price and quantity of bicycles. b) Moral of the story: should you use this format for analyzing the effects of any change in demand or supply? c) Follow up to Moral of the Story: should you analyze any future test questions involving a change in demand or supply using this format