explain how equilibrium price is determined if demand of a commodity is perfectly elastic what would be effect on it is equilibrium price and quantity is supply changes?
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"At the point when request expands, the interest bend movements to one side from DD to D1D1. Supply bend SS is a level straight line parallel to the X-hub. Because increment sought after for the item, the new balance is set up at E1. Harmony amount ascends from OQ to OQ1, yet balance value stays same at OP as supply is flawlessly versatile.
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