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What is the effect on equilibrium price, equilibrium quantity and equilibrium total revenue of an increase in supply while demand remains unchanged?

 What is the effect on equilibrium price, equilibrium quantity and equilibrium total revenue of an increase in supply while demand remains unchanged? using a diagram

Top Answer

If there is an increase supply the quantity shifts from Q1 to... View the full answer

dem.png

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Other Answers

as shown in figure below the equilibrium price will decrease the equilibrium quantity will increase total revenue will... View the full answer

1.png

The equilibrium price falls and the equilibrium quantity rises with an... View the full answer

Supply curve right shift.png

Due to increase in supply, the equilibrium price... View the full answer

15.JPG

Equilibrium price will decrease.... View the full answer

INCREASE in supply.png

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