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silvermole73Lv1
28 Sep 2019
A market is in equilibrium with equilibrium Quantity of MEQ and equilibrium Price of MEP.
a. What happens to Market Equilibrium Quantity (MEQ) if there is an increase in Demand?
b. What happens to Market Equilibrium Price (MEP) if Supply decreases as Demand increases?
c. What happens to Market Equilibrium Quantity (MEQ) after there has been an increase in Supply followed by a decrease in Demand which is followed by another increase in Supply?
A market is in equilibrium with equilibrium Quantity of MEQ and equilibrium Price of MEP.
a. What happens to Market Equilibrium Quantity (MEQ) if there is an increase in Demand?
b. What happens to Market Equilibrium Price (MEP) if Supply decreases as Demand increases?
c. What happens to Market Equilibrium Quantity (MEQ) after there has been an increase in Supply followed by a decrease in Demand which is followed by another increase in Supply?
Kritika KrishnakumarLv10
28 Sep 2019
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