If you help answer quickly and correctly I will give a thumbs up! Thank you! :) If, in the market for oranges, the supply has increased thenO equilibrium price will increase and equilibrium quantity will increase.O equilibrium price will increase and equilibrium quantity will decrease.O equilibrium price will decrease and equilibrium quantity will increase.equilibrium price will decrease and equilibrium quantity will decrease.

Correct : equilibrium price will decrease and equilibrium quantity will increase.

Answered: If, in the market for oranges, the…

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter4: Markets In Action

Section: Chapter Questions

Problem 1SQ

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Similar questions

When the price is above the equilibrium, explain how market forces move me market price to equilibrium. Do the same when the price is below the equilibrium.
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