Which of the following will definitely occur when there is a decrease in demand for and an
increase in supply of potato chips?
a) an increase in equilibrium price
b) a decrease in equilibrium price
c) an increase in equilibrium quantity
d) a decrease in equilibrium quantity

B) a decrease in equilibrium price

Explanation:

A decrease in the equilibrium price will definitely happen because with an increase in supply and decrease in demand, suppliers will flood the market with a product that is not in high demand by customers which would cause its value to drop, i.e. decrease in the equilibrium price.

Depending on the price drop, equilibrium quantity could stay the same of also change, but it can be determined for sure.

the answer should be a)

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