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9 April, 03:38

An increase in the demand for led light bulbs due to changes in consumer tastes, accompanied by an increase in the supply of led light bulbs as a result of government production subsidies (which lowers the production costs to producers), will unambiguously (that is, without any doubt) result in

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  1. 9 April, 06:40
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    I believe the answer is an increase in the equilibrium quantity of LED light bulbs; the equilibrium price may increase or decrease.

    As the cost to make the product came down and the demand of a certain product increase, the company would be able to obtain material to create more products, and sell more amount of it, which will lead to an increase in equilibirum quantity,
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