A rise in the supply of a commodity cause__________
The correct answer is C. a decrease in the equilibrium price and an increase in the equilibrium quantity bought and sold
If supply increase while the demand remains constant, there will be an excess supply over demand which will lead to a decrease in the equilibrium price and an increase in equilibrium quantity.
Previous question Next questionWhat is Exam without Practice? With our customizable CBT practice tests, you’ll be well-prepared and ready to excel in your examsStart Practicing Now
