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Equilibrium price falls and equilibrium quantity rises when ______ -

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Question

Equilibrium price falls and equilibrium quantity rises when ______

Options

  • Decrease in demand < Decrease in supply

  • Increase in demand = Increase in supply

  • Decrease in demand < Increase in supply

  • Decrease in demand = Increase in supply

MCQ

Solution

Equilibrium price falls and equilibrium quantity rises when Decrease in demand < Increase in supply.

Explanation:

When the decline in demand is greater than the increase in supply, the equilibrium price falls but the equilibrium quantity rises.

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Consumer's Equilibrium
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