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Assume that in the market for plasma TVs, there is an increase in supply

Economics

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Assume that in the market for plasma TVs, there is an increase in supply. The result will be:

a. a decrease in equilibrium price and quantity.

b. an increase in equilibrium quantity and uncertain effect on equilibrium price.

c. a decrease in equilibrium price and an increase in equilibrium quantity.

d. an increase in equilibrium price and quantity.