No products in the cart.

Household in Southern India prefer to …

CBSE, JEE, NEET, CUET

CBSE, JEE, NEET, CUET

Question Bank, Mock Tests, Exam Papers

NCERT Solutions, Sample Papers, Notes, Videos

Household in Southern India prefer to eat oranges for breakfast as banana plantations in Kerala have been destroyed and price of apple and grapes have also as an use a diagram and economic theory to analyse the impact of the rise in price of the apples and grapes on the market of Rangers
  • 1 answers

Gaurav Seth 6 years, 11 months ago

Due to increase in the prices of apples and grapes, demand for oranges will increase. This will shift the demand curve rightwards fromD1D1 to D<font size="1"><font style="box-sizing: border-box;">2</font></font>D2. The outward parallel shift of demand curve will lead to excess demand. Consequently, there will be some buyers who may attempt to buy oranges at higher prices. This will keep pushing the equilibrium price to rise. Finally, the equilibrium price will settled to price OP2​ that is higher than the initial equilibrium price OP1.​

https://examin8.com Test

Related Questions

Economic Reforms Since 1991 notes
  • 0 answers
Trends in credit availability
  • 0 answers
Explain the limitation of GDP as wellfare
  • 1 answers
What is deficit ?
  • 1 answers
What is receipt?
  • 0 answers
Economics project on function of RBI
  • 0 answers
Two types of marke diagram and explanation
  • 0 answers

myCBSEguide App

myCBSEguide

Trusted by 1 Crore+ Students

Test Generator

Test Generator

Create papers online. It's FREE.

CUET Mock Tests

CUET Mock Tests

75,000+ questions to practice only on myCBSEguide app

Download myCBSEguide App