An increase in demand leads to a decrease in both the equilibrium price and the equilibrium quantity. A decrease in demand leads to a rise in both the equilibrium price and the equilibrium quantity.
Question 24
Two quantities are said to vary___with each other, if an increase in one causes a decrease in the other in such a manner that the product of their corresponding values remains constant.
In the given quantities, if one quantity increases and the other quantity decreases, what kind of a proportion is it?