Question
What will be the effects of a decrease in both the market demand and supply of a commodity on its price? Explain.
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| Quantity Sold (Units) | Price (₹) | Total Cost (₹) |
| 1 | 5 | 7 |
| 2 | 5 | 12 |
| 3 | 5 | 16 |
| 4 | 5 | 18 |
| 5 | 5 | 23 |
| Output (kg) | 0 | 1 | 2 | 3 | 4 | 5 | 6 |
| TC (₹) | 60 | 80 | 100 | 111 | 116 | 130 | 150 |