Companies usually do Market Researches to find out the preferences, needs, demands of the consumer, and also seek their feedback to do improvements in their products. Companies generally do these researches through conducting research via Surveys. They formulate their questions that they want to ask from the consumers and then seek their response to find out how consumers find their product, what is lacking or what is best in it. All such questions are asked through surveys. So the question given here is the example of market research, which will define the target market for that company.
Equilibrium quantity would increase, but the impact on equilibrium price would be ambiguous.
With a decrease in input prices, the producers will be willing to produce more items, but we are unsure if consumers will be able to buy more because they drop in income; therefore, we don't know what the price will do.
