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Effects of outward shift in a supply curve on equilibrium price and quantity

      

Effects of outward shift in a supply curve on equilibrium price and quantity

  

Answers


BRIAN
Outward shift of supply curve causes fall in equilibrium price and increase in equilibrium quantity.
This is because outward shift represent increase in supply which lead exess supply hence to motivate consumers to consume more the price is reduce.As prices being reduce, it lerad a new equilibrium price and quantity which is much lower than the previous.
ZADOCK79 answered the question on May 12, 2018 at 08:42


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