Which of the following would cause a decrease in the equilibrium price and an increase in the equilibrium quantity of salmon?
A)A decrease in demand and an increase in supply
B)An increase in supply
C)An increase in supply and an increase in demand greater than the increase in supply
D)A decrease in demand and a decrease in supply

Question

Quizplus · Accepted Answer

An increase in supply would cause a leftward shift in the supply curve, decreasing the equilibrium price. At the same time, the increase in supply would result in a rightward shift in the quantity demanded curve, leading to an increase in equilibrium quantity.

Which of the Following Would Cause a Decrease in the Equilibrium