A fall in input price would cause: - Vidyadip

MCQ

A fall in input price would cause:

✓
fall in equilibrium price and rise in quantity
B
rise in equilibrium price and fall in quantity
C
fall in equilibrium price as well as quantity
D
rise in equilibrium price as well as quantity

✓

Answer

Correct option: A.

fall in equilibrium price and rise in quantity

(a)

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