Mention the various cases in which equilibrium price remains same.

1.	Mention the various cases in which equilibrium price remains same.
Answer» <html><body><p></p>Solution :The <a href="https://interviewquestions.tuteehub.com/tag/equilibrium-974342" style="font-weight:bold;" target="_blank" title="Click to know more about EQUILIBRIUM">EQUILIBRIUM</a> price remains same when: <br/>(i) Increase in demand = Increase in <a href="https://interviewquestions.tuteehub.com/tag/supply-1235254" style="font-weight:bold;" target="_blank" title="Click to know more about SUPPLY">SUPPLY</a>. <br/> (ii) Decrease in demand= Decrease in supply. <br/> (iii) Demand <a href="https://interviewquestions.tuteehub.com/tag/increases-1040626" style="font-weight:bold;" target="_blank" title="Click to know more about INCREASES">INCREASES</a> and supply is perfectly elastic. <br/> (<a href="https://interviewquestions.tuteehub.com/tag/iv-501699" style="font-weight:bold;" target="_blank" title="Click to know more about IV">IV</a>) Demand decreases and supply is perfectly elastic. <br/> (v) Supply increases and demand is perfectly elastic. <br/> (vi) Supply decreases and demand is perfectly elastic.</body></html>

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