Question

Ceteris paribus, equilibrium price will____ and equilibrium quantity will __ when the supply curve shifts to the right

decrease, decrease
decrease, increase
increase, decrease
increase, increase

Answer 1

decrease, increase

Step-by-step explanation:

When the production curve moves to the right the the output of the good increases as more units are finished and released to the market. As by the law of the demand the more the quantity of a product the less the price of it. Then the equilibrium price decreases.