Multiple Choice Questions on Assume that consumers rsquo incomes and the number of sellers in the market for goods A both decreas........... for Common University Entrance Test (CUET) Preparation

Back to Main Page

Multiple Choice Questions

Assume that consumers rsquo incomes and the number of sellers in the market for goods A both decreas...........

Economics (CUET) Theory of firm under perfect Competition
    Download Solution PDF

    Assume that consumers’ incomes and the number of sellers in the market for goods A both decrease. Based upon this information, we can conclude, with certainty, that the equilibrium

    price will increase.

    Incorrect Answer

    price will decrease.

    Incorrect Answer

    quantity will increase.

    Incorrect Answer

    quantity will decrease.

    Correct Answer
    छोटे Courses बड़े Results
    Master Theory of firm under perfect Competition
    Prepare through Micro-courses
    Try Now
    Explanation:

    quantity will decrease.

    By: santosh
    ProfileResources

    Let's Discuss

    Master
    Theory of firm under perfect Competition
    With abhipedia
    Micro Courses
    Try Now
    What our students have to say
    Review on us
    Download Abhipedia Android App

    Access to prime resources

    Downlod from playstore
    download android app download android app for free