Question

An article in the Wall Street Journal in early 2001 noted two developments in the market for laser eye surgery. The first development concerned side effects from the​ surgery, including blurred vision. The second development was that the companies renting eyeminus−surgery machinery to doctors had reduced their charges. In the market for laser eye​ surgeries, these two developments

Answer 1

Answer:

Reduced demand and increased supply leading to reduced equilibrium and approximation rates.

And it could also lead to an unpredictable effect or impact on the equilibrium quantities of laser eye surgery.