Which of the following is the best description of the effects of an increase in the supply of bread?
A) Consumers will pay more for bread.
B) Bread prices will fall, and bread sales will rise.
C) A permanent surplus of bread will remain on the market.
D) Bakers will have higher marginal costs.

Question

Quizplus · Accepted Answer

An increase in the supply of bread will lead to a decrease in bread prices, which will encourage consumers to buy more bread.

Which of the Following Is the Best Description of the Effects