Question

explain two situation in which in cases in supply at a commodity will not affect its equilibrium price.




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Answer 1

Answer:

If the demand for a commodity is perfectly inelastic, i.e., if the demand curve is a vertical straight line, a decrease in supply curve will result only in a change in the equilibrium price, but no change in the equilibrium quantity

Explanation:

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Answer 2

Answer:

hi muskan this is m. s. kiran