Market Equilibrium
Question
A rise in supply and demand in equal proportion will result in:
Solution
Answer: Option C
: C
A rise in supply and demand in equal proportion will result in no change in equilibrium price and increase in equilibrium quantity, becuase the market forces will balance themselves.
Please comment Down the Detailed Correct Solution bellow!!
Answer: Option C
: C
A rise in supply and demand in equal proportion will result in no change in equilibrium price and increase in equilibrium quantity, becuase the market forces will balance themselves.
Please comment Down the Detailed Correct Solution bellow!!
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