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Homework answers / question archive / What happens to market equilibrium quantity and price if supply increases and demand remains the same? a

What happens to market equilibrium quantity and price if supply increases and demand remains the same? a

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What happens to market equilibrium quantity and price if supply increases and demand remains the same?

a. quality increases

b. price increases

c. quality decreases

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None of the given options are correct.

When supply increases and demand remains the same, the increased supply leads to a fall in prices. With this fall in prices, the people demand more due to which the equilibrium quantity increases.

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