Economy, asked by muhammadidreesm, 5 months ago

6 What happens to the price of a commodity
When at a given price:

Answers

Answered by Anonymous

4

Explanation:

When demand for a commodity increases but its supply remains the same, both equilibrium price and quantity demanded and supplied will increase. ... When supply of a commodity increases and its demand remains the same, equilibrium price will decrease and equilibrium quantity demanded and supplied will increase.

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