Suppose a market were currently at equilibrium.A rightward shift of the supply curve would cause a(n)

Name: Suppose a market were currently at equilibrium.A rightward shift of the supply curve would cause a(n)
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Question

Quizplus · Accepted Answer

A rightward shift in the supply curve indicates an increase in supply. This typically leads to a decrease in price due to the higher availability of the product, and an increase in quantity sold as consumers are more willing to buy at lower prices.

Suppose a Market Were Currently at Equilibrium