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Equilibrium price may not change even when market demand happens to change.

+2 votes

asked Mar 29, 2019 in Class 12 by kratos

Write your comment of the statement in a sentence or two:

Equilibrium price may not change even when market demand happens to change.

forms of market and price determination
class-12

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1 Answer

+4 votes

answered Oct 29, 2020 by kratos

Best answer

Yes. Because market supply may change proportionate to market demand.

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