If there were a decrease in the cost of producing a good sold in a market, you would expect the market's equilibrium price:

Question

Quizplus · Accepted Answer

A decrease in the cost of producing a good would lead to an increase in supply, shifting the supply curve to the right. This would result in a lower equilibrium price and a higher equilibrium quantity as producers are willing to sell more at lower prices and consumers are willing to buy more at lower prices.

If There Were a Decrease in the Cost of Producing