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When will (a) simultaneous increases and...

When will (a) simultaneous increases and (b) simultaneous decreases in both demand and supply not affect the equilibrium price? Explain with the help of diagrams.

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The correct Answer is:
(a) Increase in Demand= Increase in Supply; (b) Decrease in Demand= Decrease in Supply.

(a) When the simultaneous increase in both demand and supply are equal.
(b) When the simulataneous decrease in both demand and supply are equal.
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SANDEEP GARG-PRICE DETERMINATION AND SIMPLE APPLICATIONS-Long Answer Type Questions
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  10. Discuss the concept of "Price Ceiling" with the help of diagram.

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  13. Market for a product is in equilibrium. Supply of the product 'decreas...

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  14. Explain the changes that will take place in the market when market pri...

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  15. The market for commodity A is in equilibrium. The price of its inputs ...

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  16. Good Y is a substitute of good X. The price of Y falls. Explain the ch...

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  17. X and Y are complementary goods. The price of Y falls. Explain the cha...

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  18. Explain the meaning of excess demand and excess supply with the help o...

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  19. Define Price Floor. What is the common purpose of fixation of floor pr...

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  20. Define Price Ceiling. What is the common purpose for the price ceiling...

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