How would a decrease in the cost of production affect the market for new washing machines?

Question

Quizplus · Accepted Answer

A decrease in the cost of production would lead to an increase in supply, as it would become cheaper for manufacturers to produce washing machines. This increase in supply would lead to a reduction in price and an increase in quantity sold. This is because with a lower cost of production, manufacturers can offer washing machines at a lower price while still making a profit, and consumers are more willing to purchase the product at a lower price.

How Would a Decrease in the Cost of Production Affect