Predict what will happen to the price and quantity of tennis ball if the price of tennis racket falls and, at the same time, the government mandates that tennis ball manufacturers use more expensive plastics in tennis ball construction. Show your work.
I predict that the price of tennis ball will _________ and I predict that the quantity of tennis ball will _________.
What will happen if the effect on the supply side is expected to be much stronger than the effect on the demand side? Show your work.
I predict that the price of tennis ball will _________ and I predict that the quantity of tennis ball will _________.