What is the graph for an increase in supply without any change in demand will cause the price to dip?

Economics Dec 09, 2020

Expert Solution

An increase in supply that is not accompanied by a change in demand leads to a decrease in price. An increase in price is illustrated by a rightward shift in the supply curve that causes the price to decrease and the quantity demanded to increase in the market.

An increase in supply is experienced due to a favorable change in the factors that influence supply other than the price of the commodity.

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