Economy, asked by afreenahmedhuss2887, 1 year ago

Name the problems faced in fixing the price of a commodity below the equilibrium price

Answers

Answered by palak9622

1

Answer:

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Explanation:

Consumer preferences for a product determine how much of it they will buy at any given price. Consumers will purchase more of a product as its price declines, all else being equal. Firms, in turn, decide how much they are willing to supply at different prices.

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