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Market for pulse is in equilibrium. …

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Market for pulse is in equilibrium. Explain the Impact of following an equilibrium price and quantity. (1) Rise in price of wheat (2) Increase in the transportation cost

Posted by Gangesh Sharma 6 years, 11 months ago

CBSE > Class 12 > Economics

1 answers

Madan Batra 6 years, 11 months ago

If the market of pulse is in equulibrium rice in price of wheat will not effect the equilibrium price and quantity of wheat because it is not mentioned in ques. that wheat and pulses are complimentory goods or substitute goods . And if tranportation cost of pulses increases it will lead to decrease in supply of pulses and its equlibirium price will increase and equlibrium quantity will decrease

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