-Assume demand remains unchanged at D1.If supply shifts from S1 to S2,then the equilibrium price will ________ and the equilibrium quantity will __________.
A) rise;fall
B) rise;rise
C) fall;fall
D) fall;rise
E) rise;be indeterminate

Question

-Assume demand remains unchanged at D1.If supply shifts from S1 to S2,then the equilibrium price will ________ and the equilibrium quantity will __________.
A) rise;fall 
B) rise;rise 
C) fall;fall 
D) fall;rise 
E) rise;be indeterminate

Quizplus · Accepted Answer

When supply shifts from S1 to S2, it indicates an increase in supply. With demand remaining unchanged, the increased supply will lead to a lower equilibrium price and a higher equilibrium quantity.

-Assume Demand Remains Unchanged at D1