Question

If supply increases and demand stays the same, there will be a

A) higher equilibrium price and quantity

B) lower equilibrium price and higher quantity

C) lower equilibrium price and quantity

D) higher equilibrium price and lower quantity

Answer 1

the answer is B

Step-by-step explanation:

Answer 2

Answer: B) lower equilibrium price and higher quantity

Step-by-step explanation:

Demand and supply simply shows the interaction that takes place between the producers and their consumers.

In a case whereby there's an increase in the supply for a product while the demand first change and remains the same, this will lead to a surplus, and hence there'll be a higher quantity.

Also, since there is surplus and the demand doesn't change, there'll be a reduction in the price of the product. Therefore, the correct option is B.