Suppose that the equilibrium price of pickles falls,while the equilibrium quantity rises.The most consistent explanation for these observations is
A) a decrease in the demand for pickles with no change in supply.
B) an increase in the demand for pickles with no change in supply.
C) a decrease in the supply of pickles and a decrease in the demand for pickles.
D) a decrease in the supply of pickles with no change in demand.
E) an increase in the supply of pickles with no change in demand.

Question

Quizplus · Accepted Answer

An increase in supply, with demand remaining constant, would lead to a lower equilibrium price and a higher equilibrium quantity.

Suppose That the Equilibrium Price of Pickles Falls,while the Equilibrium