If the market for a certain product experiences an increase in supply, which of the following effects is expected to occur? a. Equilibrium price would fall. b. Equilibrium quantity would rise. c. Equilibrium price would rise. d. Both a and b are correct.
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Home » Business » If the market for a certain product experiences an increase in supply, which of the following effects is expected to occur? a. Equilibrium price would fall. b. Equilibrium quantity would rise. c. Equilibrium price would rise. d.