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Q. |
If there is simultaneous fall in consumers disposal income as well number of suppliers of a product in the market, the |
A. | Equilibrium quantity will decrease |
B. | Equilibrium price will decrease |
C. | Equilibrium price will go up |
D. | Equilibrium quantity will increase |
Answer» A. Equilibrium quantity will decrease |
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Fundamentals of Economics and ManagementNo comments yet