If the supply of a good increases while the demand for that good decreases, the equilibrium price will

Name: If the supply of a good increases while the demand for that good decreases, the equilibrium price will
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Question

Quizplus · Accepted Answer

When the supply of a good increases while the demand for that good decreases, there is an excess supply of goods in the market, which leads to a decrease in equilibrium price. Therefore, the correct choice is B) decrease.

If the Supply of a Good Increases While the Demand