If the demand for a product decreases and the supply of the same product increases,the equilibrium quantity will increase.

Question

Quizplus · Accepted Answer

If the demand for a product decreases and the supply of the same product increases, then the equilibrium quantity will decrease. This is because there are more suppliers than there are buyers, and the excess supply will result in a lower equilibrium price and quantity.

If the Demand for a Product Decreases and the Supply