Economy, asked by dhwanimehta2303, 6 months ago

Price is initially set above equilibrium. Market forces then move towards equilibrium. As
price falls, what will happen to demand and supply.

Answers

Answered by rishitababbar216

0

Answer:

as price falls from the equilibrium point

the demand of the commodity rises and supply of the commodity falls. it is the situation when there is excess demand in the market

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