If the supply increases, the result is _____ equilibrium price and _____ equilibrium quantity.

Name: If the supply increases, the result is _____ equilibrium price and _____ equilibrium quantity.
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Question

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When supply increases, the equilibrium price decreases because there is more of the good or service available. However, the equilibrium quantity increases because the lower price encourages more consumers to buy the product.

If the Supply Increases, the Result Is _____ Equilibrium Price