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Market Equilibrium — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsMarket Equilibrium1 Mark
MCQ
When both demand and supply decrease in the same proportion, then the equilibrium quantity will:
  • A
    Remain the same.
  • B
    Rise.
  • ✓
    Fall.
  • D
    None of the above.
✓

Answer

Correct option: C.
Fall.

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