Write ‘true’ or ‘false’ with a reason:In a situation of consta

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1.	Write ‘true’ or ‘false’ with a reason:In a situation of constant demand, equilibrium quantity does not change even when supply increases or decreases.
Answer» True In a situation of constant demand or perfectly inelastic demand, increase or decrease in supply causes a full impact on price of the commodity but equilibrium quantity does not change.

Write ‘true’ or ‘false’ with a reason:In a situation of constant demand, equilibrium quantity does not change even when supply increases or decreases.

Answer»

True

In a situation of constant demand or perfectly inelastic demand, increase or decrease in supply causes a full impact on price of the commodity but equilibrium quantity does not change.

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Write ‘true’ or ‘false’ with a reason:In a situation of constant demand, equilibrium quantity does not change even when supply increases or decreases.

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