an increase in supply and demand will dash its equilibrium quantity
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Answered by
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The increase in demand = increase in supply
If the increase in both demand and supply is exactly equal, there occurs a proportionate shift in the demand and supply curve. Consequently, the equilibrium price remains the same. However, the equilibrium quantity rises.
Answered by
3
Hey mate,
The increase in demand = increase in supply
If the increase in both demand and supply is exactly equal, there occurs a proportionate shift in the demand and supply curve. Consequently, the equilibrium price remains the same. However, the equilibrium quantity rises.
Hope it helps....
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