1. Suppose over the next few months input costs associated with producing new pickup trucks increases as computer chip shortages continue. If, at the same time, the economic recovery boosts the demand for pickup trucks the following will take place:

1. Pickup truck prices will rise, and the equilibrium quantity will fall if the supply effect is larger than the demand effect.
2. Pickup truck prices will rise, and the equilibrium quantity will rise if the demand effect is greater than the supply effect.
3. Pickup truck prices will rise, and the equilibrium quantity will remain the same if the demand effect equals the supply effect.
4. Pickup trucks will see a shortage, then higher prices as the invisible hand goes to work.
5. All of the above.