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Mention two situations in which an increase in supply of a commodity will not affect its equilibrium price. |
Answer» <html><body><p></p>Solution :(i) When demand also <a href="https://interviewquestions.tuteehub.com/tag/increases-1040626" style="font-weight:bold;" target="_blank" title="Click to know more about INCREASES">INCREASES</a> in the same <a href="https://interviewquestions.tuteehub.com/tag/proportion-1170266" style="font-weight:bold;" target="_blank" title="Click to know more about PROPORTION">PROPORTION</a>, (ii) When demand is perfectly <a href="https://interviewquestions.tuteehub.com/tag/elastic-967540" style="font-weight:bold;" target="_blank" title="Click to know more about ELASTIC">ELASTIC</a>.</body></html> | |