A large increase in the supply of HD-TV sets occurs simultaneously with a smaller decrease in its demand. As a result, the equilibrium price will and the equilibrium quantity will .
a. increase, decrease
b. increase, increase
c. decrease, decrease
d. decrease, increase

A simultaneous increase in supply and decrease in demand for HD tvs would lead to an excess of supply of demand and equilibrium quantity would increase and equilibrium price would fall.

An increase in supply for HD tvs would shift the supply curve to the right . A decrease in the demand for HD tvs would shift the demand curve to the left.

Check the attached image for a graph showing the effect of a simultaneous increase in supply and decrease in demand for HD tvs on equilibrium price and quantity.

I hope my answer helps you.

A large increase in the supply of HD-TV sets occurs simultaneously with a smaller decrease in its demand. As a result, the equilibrium price will __________ and the equilibrium quantity will __________. a. increase, decrease b. increase, increase c. decrease, decrease d. decrease, increase

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A large increase in the supply of HD-TV sets occurs simultaneously with a smaller decrease in its demand. As a result, the equilibrium price will and the equilibrium quantity will .
a. increase, decrease
b. increase, increase
c. decrease, decrease
d. decrease, increase