which of the following would result from an increase (shift in the right) in the supply curve? (1 point) a…

which of the following would result from an increase (shift in the right) in the supply curve? (1 point) a market equilibrium quantity less than $30 a market equilibrium price greater than $30 a market equilibrium quantity greater than $30 a market equilibrium price less than $30

which of the following would result from an increase (shift in the right) in the supply curve? (1 point) a market equilibrium quantity less than $30 a market equilibrium price greater than $30 a market equilibrium quantity greater than $30 a market equilibrium price less than $30

Answer

Answer:

D. a market equilibrium price less than $30

Explanation:

Step1: Understand supply - demand concept

When supply curve shifts right, supply increases.

Step2: Analyze equilibrium changes

With an increase in supply and demand curve unchanged, equilibrium price decreases and equilibrium quantity increases. Initially equilibrium price is $30. So new equilibrium price will be less than $30.