The supply curve will shift to the right and the equilibrium price will fall if new producers enter the industry.

Name: The supply curve will shift to the right and the equilibrium price will fall if new producers enter the industry.
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Question

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The entry of new producers in the industry will increase the supply of the product, shifting the supply curve to the right. As a result, the equilibrium price will fall as the market now has more supply than demand.

The Supply Curve Will Shift to the Right and the Equilibrium