Answer: B) lower equilibrium price and higher quantity
Explanation:
Demand and supply simply shows the interaction that takes place between the producers and their consumers.
In a case whereby there's an increase in the supply for a product while the demand first change and remains the same, this will lead to a surplus, and hence there'll be a higher quantity.
Also, since there is surplus and the demand doesn't change, there'll be a reduction in the price of the product. Therefore, the correct option is B.
