cricket is a british sport that is popular in parts of africa and asia. in the past, the sport was rarely…

cricket is a british sport that is popular in parts of africa and asia. in the past, the sport was rarely played in the united states. however, with a rise in immigration from cricket - playing countries, some americans became more interested in the sport. they began to buy cricket equipment, including special balls and flat bats. however, this interest only lasted a year. by the following spring, fewer americans were playing cricket. what most likely happened to the price of cricket balls and bats? the price most likely fell due to an increase in supply, and then rose as the supply ran out. the price most likely rose due to an increase in supply, and then fell as the supply ran out. the price most likely fell due to an increase in demand, and then rose as interest died down. the price most likely rose due to an increase in demand, and then fell as interest died down.

cricket is a british sport that is popular in parts of africa and asia. in the past, the sport was rarely played in the united states. however, with a rise in immigration from cricket - playing countries, some americans became more interested in the sport. they began to buy cricket equipment, including special balls and flat bats. however, this interest only lasted a year. by the following spring, fewer americans were playing cricket. what most likely happened to the price of cricket balls and bats? the price most likely fell due to an increase in supply, and then rose as the supply ran out. the price most likely rose due to an increase in supply, and then fell as the supply ran out. the price most likely fell due to an increase in demand, and then rose as interest died down. the price most likely rose due to an increase in demand, and then fell as interest died down.

Answer

Answer:

The price most likely rose due to an increase in demand, and then fell as interest died down.

Explanation:

Step1: Analyze initial situation

When immigration from cricket - playing countries increased, American interest in cricket rose. This led to an increase in the demand for cricket balls and bats. According to the law of supply and demand, an increase in demand (while supply remains constant initially) causes the price to rise.

Step2: Analyze later situation

The interest only lasted a year and by the following spring, fewer Americans were playing cricket. This means the demand for cricket balls and bats decreased. A decrease in demand (while supply remains relatively constant) causes the price to fall.