Answer
With reference to the diagram, when the supply of apples increases, there is a rightward shift in the demand curve from S0 to S1, and as a result, there is a downward pressure on price, toward a new equilibrium price of P0, which is lower than the previous equilibrium price of P1, and an increase in quantity demanded from Q0 to Q1. There is a change in quantity demanded due to a changes in price, where price decreased from P0 to P1, and there was a downward shift along the demand curve, hence a change in quantity demanded
Work Step by Step
NIL