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Market Equilibrium — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsMarket Equilibrium1 Mark
Question
When demand decreases and there is no shift in supply, the equilibrium price __________ and quantity ___________.
  1. Rises, rises.
  2. Rises, falls.
  3. Falls, falls.
  4. Falls, rises.
✓

Answer

  1. Falls, falls.

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