Economy, asked by st53105778, 10 months ago

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Market Equilibrium: Fixed Number of Firms

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Answered by Rajputadarshsingh3

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Answer:

Market Equilibrium: Fixed Number of Firms. ... Other things remaining constant as cost price decreases, quantity demanded increases, quantity supplied decreases, and at a*, the enterprises are able to sell their desired output since market demand equals market supply at that cost price.

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