1
answer
0
watching
139
views
tangnu832Lv1
11 Dec 2019
What happens to a market in equilibrium when there is an increase in supply?
A. Quantity supplied will exceed quantity demanded, so the price will drop.
B. Quantity demanded will exceed quantity supplied, so the price will drop.
C. Excess supply means that producers will make less of the good.
D. Undersupply means that the good will become very expensive.
What happens to a market in equilibrium when there is an increase in supply?
A. Quantity supplied will exceed quantity demanded, so the price will drop.
B. Quantity demanded will exceed quantity supplied, so the price will drop.
C. Excess supply means that producers will make less of the good.
D. Undersupply means that the good will become very expensive.
Margaux Elysse C. SiasonLv6
28 Aug 2020
