Respuesta :
Answer:
Equilibrium price will DECREASE and equilibrium quantity will INCREASE
Explanation:
As a result Equilibrium price will decrease and equilibrium quantity will increase.
What is equilibrium price and quantity?
Equilibrium price can be defined as the point were price of a product and the demand for the product meet or intersect.
While on the other hand Equilibrium quantity occur when quantity supplied equal quantity demand or when the goods or product in the market does not have excess or shortage.
Therefore As a result Equilibrium price will decrease and equilibrium quantity will increase.
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