If supply of a good increases and at the same time demand for that good decreases, equilibrium price

Name: If supply of a good increases and at the same time demand for that good decreases, equilibrium price
Brand: Quizplus
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Quizplus · Accepted Answer

When supply increases, it puts downward pressure on price, and when demand decreases, it also puts downward pressure on price, leading to a decrease in equilibrium price. However, the effect on quantity is indeterminate without knowing the relative magnitudes of the shifts in supply and demand.

If Supply of a Good Increases and at the Same