All else held constant,an increase in supply will lead to a
A)decrease in price and increase in quantity demanded.
B)increase in price and increase in quantity demanded.
C)increase in price and decrease in quantity demanded.
D)decrease in price and decrease in quantity demanded.

Question

Quizplus · Accepted Answer

An increase in supply, with demand remaining constant, typically results in a decrease in price because there is more of the product available. This lower price then leads to an increase in quantity demanded, as consumers are more willing to purchase the product at the lower price.

All Else Held Constant,an Increase in Supply Will Lead to a