Consider a market that is in equilibrium.If it experiences an increase in supply,what will happen? The supply curve will shift to the:

Question

Quizplus · Accepted Answer

An increase in supply will shift the supply curve to the right, which will result in a decrease in equilibrium price and an increase in equilibrium quantity. This is because a greater supply of the good will lead to a decrease in its price and an increase in the quantity demanded by consumers. Therefore, choice B is the best answer.

Consider a Market That Is in Equilibrium