Concept:An increase in harvest raises the market supply of rice, which puts downward pressure on price when demand remains unchanged.
Explanation:When the rice harvest increases, the quantity of rice available in the market rises.
Demand is assumed to remain constant in this situation.
At the old price, supply now exceeds demand, creating a surplus.
To clear the surplus, sellers must reduce the price.
The surplus can only be eliminated when buyers are willing to purchase the larger quantity at a lower price.
Thus, the equilibrium price moves downward because of the outward shift in supply.
A large harvest may lead to a substantial fall in price, especially if the increase in supply is significant relative to demand.
Therefore, among the given choices, the most likely outcome is that price falls.
Answer:B. Price to fall substantially.