Effect of Supply Increase on Market Equilibrium
If the supply of a good increases while the demand remains unchanged, what is the effect on the market equilibrium?
AEquilibrium price decreases and equilibrium quantity increases.
BEquilibrium quantity remains unchanged.
CEquilibrium price increases and equilibrium quantity decreases.
DBoth equilibrium price and equilibrium quantity increase.
Question Leaderboard
Not enough data yet to show leaderboard.