If demand is downward sloping,an increase in supply with no change in demand will lead to a(n) _____ in equilibrium quantity and a(n) _____ in equilibrium price.

A) increase;increase
B) increase;decrease
C) decrease;increase
D) decrease;decrease

Equilibrium Quantity

At the market price, the supply of goods or services is equivalent to the demand.

Equilibrium Price

The price at which the quantity of a good or service demanded equals the quantity supplied, resulting in market balance.

Supply

The total amount of a specific good or service that is available to consumers at a given time.