Suppose that the supply of CD players increases (i.e., shifts to the right). Using our standard supply and demand analysis (i.e., supply is upward sloping and demand is downward sloping, and price adjusts to keep the market in equilibrium), what do you predict will happen to the equilibrium price, P, and quantity, Q?
A) P will decrease, and Q will stay the same.
B) P will increase, and Q will increase.
C) P will decrease, and Q will increase.
D) P will decrease, and Q will decrease.
E) P will increase, and Q will decrease.