Economy, asked by jsohi88, 3 months ago

write down the simultaneous change(increase/decrease) in demand and supply and market equilibrium.

Answers

Answered by muhammadaseena2

Answer:

case of simultaneous changes in demand and supply, if the increase in demand is more than the increase in supply, then as we have seen in Fig. 1(b) above, the new equilibrium price becomes higher than the original equilibrium price.

Explanation:

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write down the simultaneous change(increase/decrease) in demand and supply and market equilibrium.​

Answers

write down the simultaneous change(increase/decrease) in demand and supply and market equilibrium.