If supply increases and at the same time demand decreases, equilibrium price:

Name: If supply increases and at the same time demand decreases, equilibrium price:
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Question

Quizplus · Accepted Answer

When supply increases, it tends to lower the equilibrium price, while a decrease in demand also tends to lower the equilibrium price. Therefore, the equilibrium price will decrease. However, the effect on equilibrium quantity is indeterminate because it depends on the relative magnitudes of the shifts in supply and demand.

If Supply Increases and at the Same Time Demand Decreases