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Anаlyzing Mаrkets (Gym Pаrt 1): Cоnsider a simple market. Meg, an Ecоnоmist, is doing some analysis for a local gym. The owner of the gym wants to know what is likely to happen to equilibrium price and quantity in the market for gym memberships if the price of Peloton memberships and equipment continue to increase. (Note: Peloton produces at-home exercise equipment.) What will be the initial effect in the market for gym memberships?