What happens if supply increases while demand remains constant?    a) Equilibrium price decreases, equilibrium production quantity decreases  B) None  C) Equilibrium price decreases, equilibrium production quantity increases.  D) Constant  TO) the equilibrium price rises, the equilibrium quantity of production rises.

ECON MICRO
5th Edition
ISBN:9781337000536
Author:William A. McEachern
Publisher:William A. McEachern
Chapter4: Demand, Supply, And Markets
Section: Chapter Questions
Problem 6.14P
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What happens if supply increases while demand remains constant?

 
 a)

Equilibrium price decreases, equilibrium production quantity decreases

 B)

None

 C)

Equilibrium price decreases, equilibrium production quantity increases.

 D)

Constant

 TO)

the equilibrium price rises, the equilibrium quantity of production rises.

 
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