Consider a market that is in equilibrium.If it experiences an increase in supply,what will happen?
A) The supply curve will shift to the right and the equilibrium price and quantity will rise.
B) The supply curve will shift to the right and the equilibrium price will decrease and the equilibrium quantity will increase.
C) The supply curve will shift to the right and the equilibrium price and quantity will fall.
D) The supply curve will shift to the left and the equilibrium price and quantity will fall.
Correct Answer:
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