Concept:A rise in supply, with demand unchanged, shifts the supply curve to the right.
Explanation:At the old equilibrium price, the increased supply creates excess supply over demand.
This excess supply puts downward pressure on the price, so the equilibrium price falls.
As the price becomes lower, buyers are willing to purchase a larger quantity.
Thus, the equilibrium quantity bought and sold increases.
The new equilibrium is therefore at a lower price and a higher quantity.
Answer:A decrease in the equilibrium price and an increase in the equilibrium quantity bought and sold.
