Assume a market is in equilibrium.There is an increase in supply,but no change in demand.As a result the equilibrium price ________,and the equilibrium quantity ________.

Name: Assume a market is in equilibrium.There is an increase in supply,but no change in demand.As a result the equilibrium price ________,and the equilibrium quantity ________.
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Question

Quizplus · Accepted Answer

When supply increases and demand remains unchanged, the equilibrium price falls and the equilibrium quantity increases.

Assume a Market Is in Equilibrium