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If the supply of a product increases, then we would expect equilibrium price a. to increase and equilibrium quantity to decrease. b. and equilibrium quantity to both decrease. c. and equilibrium quantity to both increase. d. to decrease and equilibrium quantity to increase.

Respuesta :

Answer:

d. to decrease and equilibrium quantity to increase.

Explanation:

As we know that

Equilibrium is the point at which the quantity demanded equal to the quantity supplied

In equation, it is

Equilibrium = Quantity demanded = Quantity supplied

Now if the supply of a product increases, the equilibrium price decreases while the equilibrium quantity increases

And, if the supply of a product decreases, the equilibrium price increases while the equilibrium quantity decreases

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