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Question Practice

If both demand and supply increase simultaneously, what can be unambiguously determined?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Economics
Introductory Microeconomics
Market Equilibrium
Question Bank

If both demand and supply incr...

Single Answer MCQ
Q-00089579

If both demand and supply increase simultaneously, what can be unambiguously determined?

1

Equilibrium quantity will increase

2

Equilibrium price will decrease

3

Equilibrium quantity will decrease

4

Equilibrium price will remain constant

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Q4.

What is the equilibrium price in a perfectly competitive market?

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