Suppose that the supply of cars increases due to an improvement in the technology of production. Which of the following describes the mechanism of price and quantity adjustment assuming that there is no change in the demand curve? A. There is a downward pressure on prices and an increase in the equilibrium quantity. B. There is an upward pressure on prices and an increase in the equilibrium quantity. C. There is no change in equilibrium price and quantity. D. There is a downward pressure on prices and a decrease in the equilibrium quantity. E. None of the above.