When the supply of 35 mm cameras increases,the new market equilibrium as compared to the old equilibrium will have

Name: When the supply of 35 mm cameras increases,the new market equilibrium as compared to the old equilibrium will have
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Question

Quizplus · Accepted Answer

An increase in supply will shift the supply curve to the right, resulting in a new equilibrium point where the quantity demanded will increase and the price will decrease. Therefore, there will be a higher equilibrium quantity and a lower equilibrium price.

When the Supply of 35 Mm Cameras Increases,the New Market