Mathematics, 24.05.2021 21:20, samlolomg123

3. What happens to a market in equilibrium when there is an increase in supply? Quantity demanded will exceed quantity supplied, so the price will drop.
Quantity supplied will exceed quantity demanded, so the price will drop.
Undersupply means that the good will become very expensive.
Excess supply means that producers will make less of the good.

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3. What happens to a market in equilibrium when there is an increase in supply? Quantity demanded w...