wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question


Equilibrium price may not change even when market demand happens to change.

A
True
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
B
False
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is A True
True.
Equilibrium price may not change with a change in market demand, if the market supply changes in a proportion equal to the change in market demand.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
When Curves Shift
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon