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Market Equilibrium — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsMarket Equilibrium1 Mark
Question
Under what condition, both equilibrium price and equilibrium quantity will decrease?
  1. Increase in demand.
  2. Increase in supply.
  3. Decrease in demand.
  4. Decrease in supply.
✓

Answer

  1. Decrease in demand.

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