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A PRODUCER IS AT EQUILIBRIUM POINT …

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A PRODUCER IS AT EQUILIBRIUM POINT IN A MARKET WHERE PRODUCER CAN SELL ANY QUANTITY AI SAME PRICE. WHAT WILL THE PRODUCER DO IF PRICE OF THAT COMMODITY INCREASES? EXPLAIN THE CHAIN EFFECT

Posted by Geeta None 4 years, 7 months ago

CBSE > Class 11 > Economics

1 answers

Sia ? 4 years, 7 months ago

A producer is at equilibrium point in a market where producer can sell. any quantity at same price. ... This is self adjusting process that will bring the price of commodity again to its equilibrium level.

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