FIGURE 3-5 Refer to Figure 3-5.Ceteris paribus,if supply were to increase,this would lead to

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According to the law of supply, an increase in supply leads to a decrease in price and an increase in quantity demanded. Therefore, ceteris paribus, if supply were to increase, it would lead to a decrease in equilibrium price and an increase in equilibrium quantity. This can be seen in the graph as a shift of the supply curve to the right, resulting in a new equilibrium point with a lower price and a higher quantity.