InterviewSolution
Saved Bookmarks
| 1. |
Show with the help of a diagram, the effect on equilibrium price and quantity when: (i) Demand is perfectly elastic and supply decreases. (ii) Supply is perfectly inelastic and demand increases. (iii) The demand curve is perfectly elastic and the supply curve shifts outwards. |
|
Answer» Show with the help of a diagram, the effect on equilibrium price and quantity when: |
|