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Market Equilibrium — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsMarket Equilibrium1 Mark
Question
Giving reasons, state whether the following statements are true or false:
If the decrease in demand meets with an increase in supply, equilibrium price will fall.
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Answer

True.
Explanation:
As we know whether demand decreases or supply increases both lead to an decrease in equilibrium price. Hence, equilibrium price will fall.

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