bbqchickenshout1579 bbqchickenshout1579
  • 13-01-2020
  • Chemistry
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If the demand is fixed but supply of a product increases what happens to the equilibrium price and quantity?

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kayobrien2025
kayobrien2025 kayobrien2025
  • 13-01-2020
If the supply curve shifts downward, meaning supply increases, the equilibrium price falls and the quantity increases.If the demand curve shifts downward, meaning demand decreases but supply holds steady, the equilibrium price and quantity both decrease.

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