Economy, asked by Yatinbansal, 2 months ago

3. When the price of a
competitive good fealls
supply :-​

Answers

Answered by itzPapaKaHelicopter
4

When the price of a good falls, there is a movement down along the supply curve and a decrease in the quantity supplied. Market equilibrium occurs when the quantity demanded equals the quantity supplied—buyers' and sellers' plans are consistent.

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Answered by majithianajuka
0

decrease

Explanation:

As demand of competitive good increse as a result demand of actual good decrease.. as a result supply of actual goods decrease

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