If the supply of a good increased, what would be the effect on the equilibrium price and quantity?
A) Price would increase and quantity would decrease.
B) Price would decrease and quantity would decrease.
C) Price would increase and quantity would increase.
D) Price would decrease and quantity would increase.

Question

Quizplus · Accepted Answer

When supply increases, the supply curve shifts to the right, leading to a lower equilibrium price and a higher equilibrium quantity.

If the Supply of a Good Increased, What Would Be