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Market Equilibrium — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsMarket Equilibrium1 Mark
Question
When there is increase in demand and decrease in supply, equilibrium price:
  1. Falls.
  2. Rises.
  3. Constant.
  4. None of these.
✓

Answer

  1. Rises.

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