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Market Equilibrium — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsMarket Equilibrium1 Mark
Question
An increase in supply with demand remaining the same bring about _______.
  1. an increase in equilibrium quantity and decrease in equilibrium price.
  2. an increase in equilibrium price and decrease in equilibrium quantity.
  3. decrease in both equilibrium price and quantity.
  4. none of the above.
✓

Answer

  1. an increase in equilibrium quantity and decrease in equilibrium price.

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