Make suitable schedules to show that there is (i) simultaneous increase and (ii) simultaneous decrease both in demand and supply but there is no change in market price.

Make suitable schedules to show that there is (i) simultaneous increas

1.	Make suitable schedules to show that there is (i) simultaneous increase and (ii) simultaneous decrease both in demand and supply but there is no change in market price.
Answer» Solution : The EQUILIBRIUM price before simultaneous increase in demand and SUPPLY is Rs.2 i.e., at the EQUALITY of demand and supply. It remains the same even after simultaneous increase in both demand and supply by `100%`. The equilibrium price before change is Rs.2. After simultaneous decrease in both demand and supply by `50%`, it remains the same.