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प्रश्न
When will a change in demand have no impact on the equilibrium price of a commodity? Show with the help of a diagram.
आकृती
लघु उत्तर
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उत्तर
When the supply curve is perfectly elastic (i.e., the supply curve is parallel to the X-axis), a change in demand results in a change in equilibrium quantity only, but the price remains the same (OP). This is shown in the given fig.
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