πŸ“Š Basics of Economics
Q. An increase in market demand, supply remaining the same results in
  • (A) decrease in equilibrium price
  • (B) decrease in equilibrium quantity
  • (C) decrease in equilibrium price and increase in equilibrium quantity
  • (D) both equilibrium price and quantity rises
πŸ’¬ Discuss
βœ… Correct Answer: (D) both equilibrium price and quantity rises

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