Question

4. Consumer incomes fall. At the same time, a rise in input costs causes the price of jetskis to rise. As a result, in the market for small sailboats: AP and Q* both rise B) P and Q* both fall C)P rises and Q* falls D) P falls and Q* rises E)P rises, but we do not know exactly what happens to Q* F) P falls, but we do not know exactly what happens to Q" G) Q rises, but we do not know exactly what happens to P H) Qfalls, but we do not know exactly what happens to P I) either P and Q both rise, or P and Q both fall, or neither changes J) either Prises and Q* falls, or Pfalls and Q* rises, or neither changes