If the supply of a product increases, then we would expect equilibrium price
A)to increase and equilibrium quantity to decrease.
B)to decrease and equilibrium quantity to increase.
C)and equilibrium quantity to both increase.
D)and equilibrium quantity to both decrease.

Question

Quizplus · Accepted Answer

When the supply of a product increases, it typically leads to a decrease in the equilibrium price due to the higher availability of the product, and an increase in the equilibrium quantity as more of the product is bought and sold at the lower price.

If the Supply of a Product Increases, Then We Would