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If a recession causes both the demand and supply for rental cars to decrease, then a.The equilibrium price of a car rental will decrease but
If a recession causes both the demand and supply for rental cars to decrease, then
a.The equilibrium price of a car rental will decrease but the change in the equilibrium quantity will be ambiguous.
b.The equilibrium price of a car rental will increase but the change in the equilibrium quantity will be ambiguous.
c.The equilibrium quantity of rental cars will decrease but the change in the equilibrium price will be ambiguous.
d.The equilibrium quantity of rental cars will increase but the change in the price will be ambiguous.
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