Assume That Supply Increases Greatly and Demand Increases Slightly

Multiple Choice

Assume that supply increases greatly and demand increases slightly. Which of the following will happen?

A) Equilibrium price will fall and equilibrium quantity will rise.
B) Equilibrium price will rise and equilibrium quantity will fall.
C) Equilibrium price will rise and equilibrium quantity will rise.
D) Equilibrium price will fall and equilibrium quantity will fall.
E) Neither equilibrium price nor equilibrium quantity will change.