How is equilibrium price affected by decrease in demand?

How is equilibrium price affected by decrease in demand?

Monjur Alahi

8 views

2025-01-04 04:42

1 Answers

Salim Ahmed Kawsar

When demand decreases, equilibrium price must decrease, other things remaining unchanged.

8 views Answered 2023-02-05 15:29

Related Questions

Suppose the price elasticity of demand for a good is – 0.2. How will the expenditure on the good be affected

1 Answers 8 Views

If the price of Good-X rises and this leads to decrease in demand for Good-Y, how are the two goods related?

1 Answers 5 Views

Distinguish between contraction of demand and decrease in demand.

1 Answers 4 Views

How does the availability of close substitutes of a good affected the price elasticity of demand of that good? Explain

1 Answers 8 Views

How is price elasticity of demand affected by: (i) Number of substitutes available for the good. (ii) Nature of the good.

1 Answers 5 Views

How is equilibrium price affected when demand is perfectly elastic and supply increases?

1 Answers 8 Views

What change will take place in equilibrium price of a commodity when its demand 'increases' and supply 'decrease’?

1 Answers 5 Views

When actual price of a commodity is less than equilibrium price, its Price: (Choose the correct alternative)

1 Answers 4 Views

Market for a good is in equilibrium. There is a simultaneous ''decrease" both in demand and supply of the good.

1 Answers 5 Views

The marked price of a table is Rs 625 and its sale price is Rs 500. What is the ratio of the sale price to the marked price?

1 Answers 5 Views

এক্সাম দিয়ে মেধা যাচাই করুন

Job Preparation (1125)

Admission (754)

এসএসসি (10)

এইচএসসি (5)