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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