The equilibrium price will decline if supply rises while all other parameters stay the same.
Equilibrium in the price. The price that is agreed upon when a product transaction occurs is called an equilibrium price, sometimes referred to as a market clearing price. Where supply and demand converge, this price appears. Both buyers and sellers want to exchange quantity Q for price P.
What link exists between supply and the equilibrium price?
An increase in supply will, if all else stays the same, lead to a drop in the equilibrium price and a rise in the quantity needed. As the supply decreases and the demand decreases, the equilibrium price will rise.
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