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What will be the effect on equilibrium price and equilibrium quantity of telephone instruments, ifChina exports a large number of telephone Instruments to India. |
Answer» <html><body><p></p>Solution :Equilibrium price will <a href="https://interviewquestions.tuteehub.com/tag/fall-983217" style="font-weight:bold;" target="_blank" title="Click to know more about FALL">FALL</a> and equilibrium quantity <a href="https://interviewquestions.tuteehub.com/tag/wiii-3870185" style="font-weight:bold;" target="_blank" title="Click to know more about WIII">WIII</a> <a href="https://interviewquestions.tuteehub.com/tag/rise-1189674" style="font-weight:bold;" target="_blank" title="Click to know more about RISE">RISE</a> (<a href="https://interviewquestions.tuteehub.com/tag/due-433472" style="font-weight:bold;" target="_blank" title="Click to know more about DUE">DUE</a> to <a href="https://interviewquestions.tuteehub.com/tag/increase-1040383" style="font-weight:bold;" target="_blank" title="Click to know more about INCREASE">INCREASE</a> In supply).</body></html> | |