Economy, asked by sumitkumar583, 3 months ago

state whether the following statement is true or false give reason when equilibrium price of a good is less than its market price there will be competition among the sellers

Answers

Answered by sahilkumarsingh821

2

True, when equilibrium price of a good is less than its market price, there will be competition among the sellers. ... Here, the competition will increase among the sellers, and hence, the price will come down to the equilibrium point where market demand is equal to market supply.

Answered by SANCHIT8686

0

ANSWER:

Answer is false

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