Suppose a market with a downward-sloping demand curve were currently at equilibrium. A rightward shift of the supply curve would cause a(n)
A)increase in price and a decrease in quantity.
B)decrease in price and an increase in quantity.
C)increase in both price and quantity.
D)decrease in both price and quantity.

Question

Quizplus · Accepted Answer

A rightward shift of the supply curve would cause an increase in quantity supplied, leading to a decrease in equilibrium price and an increase in equilibrium quantity.

Suppose a Market with a Downward-Sloping Demand Curve Were Currently