When supply shifts to the right and demand stays constant,the equilibrium price ________ and the equilibrium quantity ________.

Question

Quizplus · Accepted Answer

When supply increases (shifts to the right) and demand stays constant, the equilibrium price decreases due to the higher availability of the product, and the equilibrium quantity increases because more of the product is available at a lower price.

When Supply Shifts to the Right and Demand Stays Constant,the