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"A" represents the new quantity demanded, while "B" represents the new quantity supplied.What is the result of these changes

User Shawanda
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2 Answers

4 votes

Answer:

  • Excess Supply
  • They should fall

Step-by-step explanation:

More supply = cheaper price

User RufusInZen
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2 votes

Answer:

The result of this change is excess supply

Step-by-step explanation:

First, we need to understand the concept of demand and supply as it is related to economics.

Demand: This is the amount of commodity a consumer or customer is willing and able to purchase at a particular time while

Supply: This is the amount or level of service is is being rendered to market place per time.

If we now refer back to the context of the question asked and if we take " B " which represent quantity supplied as the higher value, it means that the result of this change is that there is excess supply.

User Thomas BDX
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