Question 39 1 pts Assume that we are examining the Florida market for vacation cruises. The market is initially in a point of equilibrium at q*, p*: Price p Quantity q What would happen to equilibrium if 2 things happened simultaneously: 1. A major cruise company launches 3 new cruise ships and are set to take their maiden voyages within the next month. These ships are expected to increase the number of cruise vacations by 5%. 2. The US is sneak-attacked by a foreign entity. The US goes to war with this country and the enemy is overseas and in American waters. As a consequence, the US enters a recession and consumer demand for cruises falls by 20%. Assume cruises are not cancelled or postponed. O Price would decrease, quantity would decrease O Price would decrease, quantity would increase O Price would decrease, quantity would increase O Price would increase, quantity would decrease