Multiple Choice Questions on Equilibrium price falls and equilibrium quantity rises when ........ for Common University Entrance Test (CUET) Preparation

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Multiple Choice Questions

Equilibrium price falls and equilibrium quantity rises when ........

Economics (CUET) Consumer Behaviour and Demand
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    Equilibrium price falls and equilibrium quantity rises when:

     

    Decrease in demand < Decrease in supply
     

    Correct Answer

    Increase in demand Increase in supply

     

    Incorrect Answer

    Decrease in demand < Increase in supply

     

    Incorrect Answer

    Decrease in demand = Increase in supply

    Incorrect Answer
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    Explanation:

    Option (3) is correct.
    Explanation: When decrease in demand is less than increase in supply, then there is fall in equilibrium price but rise in equilibrium quantity.

     

    By: Parvesh Mehta
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