Suppose a recent and widely circulated medical article reports new benefits of exercise. simultaneously, the price of the parts needed to make bikes falls. what is the likely effect on the equilibrium price and quantity of exercise bikes sold?

price of exercise bikes decreases and quantity sold remains the same.

price of exercise bikes remains the same and quantity sold increases.

price of exercise bikes increases and quantity sold also increases.

the change in price is ambiguous, but the quantity sold increases.

Suppose that the u. s. dollars-mexican pesos exchange rate is fixed by the u. s. and mexican governments. assume also that labor is mobile between the united states and mexico due to low transportation costs. which of the following situations is likely to happen as a result of a simultaneous increase in the demand for u. s. goods and decrease in the demand for mexican goods? (pick mexican unemployment rate increases, and the country undergoes bad economic times for a sustained u. s. unemployment rate increases, and the country undergoes bad economic times for a sustained mexican unemployment rate rises at first, but it soon drops as unemployed mexicans move to the united states for mexican unemployment rate rises at first, but then it drops as mexican pesos depreciate against u. s. dollars.