If the market for tires is unregulated and is presently characterized by excess supply, you can accurately predict that price will
◦ increase, the quantity demanded will fall, and the quantity supplied will rise.
◦ increase, the quantity demanded will rise, and the quantity supplied will fall.
◦ decrease, the quantity demanded will rise, and the quantity supplied will fall.
◦ decrease, the quantity demanded will fall, and the quantity supplied will rise.