When Supply Increases and the Supply Curve Shifts to the Right

question 70

Multiple Choice

When supply increases and the supply curve shifts to the right, equilibrium price ________ and equilibrium quantity ________.

• A) increases; increases
• B) increases; decreases
• C) decreases; increases
• D) decreases; decreases

---

Definitions:

Least Squares Regression

A statistical method for estimating the relationships among variables by minimizing the square differences between observed and predicted values.

Multiple Regression

A statistical technique that analyzes the relationship between a dependent variable and multiple independent variables to predict outcomes.

Cost Estimation Methods

Various approaches used to predict the future costs associated with a project or product, including empirical cost inference, parametric modeling, and analogical estimation.

Regression Analysis

A statistical method used for estimating the relationships among variables.