Suppose that the Vegas Raiders win the Superbowl. At the same time, the wages of workers who make Raiders baseball caps increase. What effect will these changes have on the equilibrium price and quantity of Raiders baseball caps?

Group of answer choices

The equilibrium price of Raiders caps will rise and quantity sold will decrease

The equilibrium price of Raiders baseball caps will increase; the effect on quantity is ambiguous

none of the above

The effect on the price of Raiders baseball caps is ambiguous; the quantity of Raiders caps sold will rise

The equilibrium quantity of Raiders caps sold will increase and price will increase