Question

Fill in the blank!! Many products, such as golf clubs, are made with graphite-epoxy resins because it's strong and lightweight. If a new technology reduced the cost of producing graphite-epoxy, then you'd expect _________ in the graphite-epoxy golf club market. A. demand to decrease B. supply to decrease C. demand to increase D. supply to increase E. both supply and demand to increase

Answer 1

I think the answer is E. both supply and demand would increase.
I think this because the decrease in making would lower the price of the golf clubs. Therefore making people more likely to buy (demand increasing). The supply would also increase also because with a higher demand, the people buying the golf clubs would cause their supply of golf clubs to increase.