send mail to support@abhimanu.com mentioning your email id and mobileno registered with us! if details not recieved
Resend Opt after 60 Sec.
By Loging in you agree to Terms of Services and Privacy Policy
Claim your free MCQ
Please specify
Sorry for the inconvenience but we’re performing some maintenance at the moment. Website can be slow during this phase..
Please verify your mobile number
Login not allowed, Please logout from existing browser
Please update your name
Subscribe to Notifications
Stay updated with the latest Current affairs and other important updates regarding video Lectures, Test Schedules, live sessions etc..
Your Free user account at abhipedia has been created.
Remember, success is a journey, not a destination. Stay motivated and keep moving forward!
Refer & Earn
Enquire Now
My Abhipedia Earning
Kindly Login to view your earning
Support
Type your modal answer and submitt for approval
What will be the effect on equilibrium price if supply is decreased without any change in demand?
No change in price
Price will fall
Price will rise
None of these
- When supply decreases with no change in demand, the equilibrium price is impacted.
- Option 1: No change in price
- This would typically occur only if both supply and demand shifted proportionally.
- Option 2: Price will fall
- A falling price usually happens when supply increases or demand decreases.
- Option 3: Price will rise
-
- A decrease in supply with constant demand leads to higher competition among buyers, thus increasing the price.
- Option 4: None of these
- This option is incorrect as one of the previous options accurately describes the effect.
The correct scenario when supply decreases without a change in demand is that the equilibrium price will rise.
By: santosh ProfileResourcesReport error
Access to prime resources
New Courses