One can say with certainty that equilibrium price will decline when supply rev: 08_10_2020_QC_CS-222790

Question

Quizplus · Accepted Answer

When supply increases and demand decreases, there is an excess supply in the market, meaning that there are more goods available than the buyers are willing to purchase. In order to clear the surplus, producers will lower the price in order to entice buyers to purchase. Therefore, the equilibrium price will decline.

One Can Say with Certainty That Equilibrium Price Will Decline