An increase in equilibrium quantity would result from

Question

Quizplus · Accepted Answer

An increase in equilibrium quantity would result from an increase in supply with no change in demand, as this would cause an increase in the quantity of goods available in the market, which would lead to a higher quantity demanded and supplied at the equilibrium price. A decrease in supply and a decrease in demand (option B) would lead to a lower equilibrium quantity, while a decrease in supply with no change in demand (option A) would lead to a higher equilibrium price and a lower equilibrium quantity. Option D is incorrect, as one of the answers is correct.

An Increase in Equilibrium Quantity Would Result from