Question

According to the law of supply and demand, an increase in supply and a decrease in demand results in -

Answer 1

Answer:

in the market a decrease in demand and an increase in the supply results to a serious fall in the equilibrium prices.

Explanation:

Therefore the effect on the equilibrium quantity caused by the decrease in demand and increase in the supply cannot be identified. moreover the producers forced to lower the prices of goods and services since the consumers can only bye small quantities of the goods. this leads to a fall in the prices of the commodities.