Economy, asked by shikhar3998, 10 months ago

how will equilibrium price of a commodity affected when excess demand increases but supply remains unchanged answer fast it's very urgent.

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Answered by babushall

as we know equilibrium price is attained when

quantity demanded =quantity supplied...

when the demand increases the price of a commodity will increase...

so,this will effect the equilibrium price which is attained before..

comment if you have any doubt..

shikhar3998: I shouldn't have asked this question but still..are you a girl or a boy?

babushall: boy

shikhar3998: ok

babushall: which standard you are

shikhar3998: 10th bro..

babushall: In tenth only do u have this question

babushall: which board bro

shikhar3998: yep bro

babushall: school

babushall: name bro

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how will equilibrium price of a commodity affected when excess demand increases but supply remains unchanged answer fast it's very urgent.