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, with demand remaining constant, leads to a lower equilibrium price (due to increased availability) and a higher equilibrium quantity (as more of the product is available for sale).

Which of the Following Would Cause a Decrease in the Equilibrium