Five new sellers enter a market (that previously had seven) and begin producing a good. Which of the following choices explains what happens to the equilibrium Q and P?
a) The supply curve will shift to the right, the equilibrium P will fall, and the equilibrium Q will rise.
b) The supply curve will shift to the right, the equilibrium P will rise, and the equilibrium Q will fall.
c) The demand curve will shift to the right, and the equilibrium P and Q will both rise.
d) The supply curve will shift to the left, the equilibrium P will fall, and the equilibrium Q will rise.