If Supply Increases and Demand Remains Unchanged,equilibrium Quantity Will _______

question 232

Multiple Choice

If supply increases and demand remains unchanged,equilibrium quantity will _______ and equilibrium price will ______________.

• A)rise,rise
• B)fall,fall
• C)fall,rise
• D)rise,fall

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Definitions:

Soybean Supply

The total amount of soybeans available in the market, influenced by factors such as production levels and imports.

Excess Demand

A situation in an economic market where the quantity demanded of a product exceeds the quantity supplied at the current price.

Good Increases

A situation where the supply, quality, or availability of beneficial or valuable products or commodities rises.

Quantity Supplied

The amount of a product that producers are willing and able to sell at a given price over a specified period.