Market for a good is in …
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Gaurav Seth 6 years, 11 months ago
With a simultaneous increase in both the demand and supply, it is possible that the equilibrium market price may not change. This happens under a situation where both demand and supply increase in the same proportion . In such a case, only the equilibrium quantity rises while, the equilibrium price remains unchanged.
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In the above diagram, decrease in demand=decrease in supply. Equilibrium pint shifts from E1 to E2, but price remains constant.
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