Assume that in the market for plasma TVs there is an increase in supply.The result will be:

Question

Quizplus · Accepted Answer

An increase in supply will lead to a shift of the supply curve to the right, causing a decrease in equilibrium price and an increase in equilibrium quantity. This is because there are more goods available at lower prices, leading to an increase in demand for the product. Therefore, the best choice is D, which indicates a decrease in equilibrium price and increase in equilibrium quantity.

Assume That in the Market for Plasma TVs There Is