Economy, asked by nikhilattri066, 2 months ago

Market Price Determination - Demand and supply

Answers

Answered by waliarishika7

0

Answer:

Explanation:

Supply and demand is an economic model of price determination in a market. ... If demand increases and supply remains unchanged, then it leads to higher equilibrium price and higher quantity. If demand decreases and supply remains unchanged, then it leads to lower equilibrium price and lower quantity.

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