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How are equilibrium price and equilibrium …

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How are equilibrium price and equilibrium quantity of a commodity affected when price of input used in its production changed

    • Posted by Shanaya Chauhan 7 years, 11 months ago

    CBSE > Class 12 > Economics
    • 1 answers

    Naakul Mehta 7 years, 11 months ago

    If price of input used in the production increases then this may lead to increase in the price of commodity produced and increase in price of a commodity leds to increase in market suppy and decrease in market demand which can affect the equilibrium price and equilibrium quantity...

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