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 eye-surgery machinery to doctors had reduced their charges. In the market for laser eye surgeries, these
two developments
decreased demand and increased supply, resulting in a decrease in the equilibrium price and an uncertain effect on the
equilibrium quantity of laser eye surgeries.
decreased demand and increased supply, resulting in a decrease in both the equilibrium price and the equilibrium
quantity of laser eye surgeries.
decreased demand and increased supply resulting in an increase in both the equilibrium quantity and the equilibrium
price of laser eye surgeries.
decreased demand and decreased supply, resulting in a decrease in the equilibrium quantity and an increase in the
equilibrium price of laser eye surgeries.
