Economy, asked by meetyash001, 4 months ago

what will be the effect of simultaneous increase in demand on market equilibrium.explain with diagram​

Answers

Answered by nayanavikaskarpdk2v1
0

Answer:

An increase in demand, all other things unchanged, will cause the equilibrium price to rise; quantity supplied will increase. A decrease in demand will cause the equilibrium price to fall; quantity supplied will decrease. ... A decrease in supply will cause the equilibrium price to rise; quantity demanded will decrease

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