The equilibrium price of a commodity will definitely rise if there is a/an :
An equilibrium market price is the price at which there is no tendency for it to change. When price is lower than the equilibrium price, quantity demanded will be greater than quantity supplied . There will be tendency for the price to increase when price is higher than the equilibrium price, quantity supplied will be greater than quantity demanded . There will be a tendency for the price to decrease. Equilibrium market price is attained when the quantity demanded equals quantity supplied, it is sometimes called market clearing price .
Kolathunadu, Valluvanad and Thekkumkoor were ancient small-time kingdoms in which state of India?
Recently India got elected to “Intergovernmental Committee of UNESCO’s 2003 Convention for Safeguarding of Intangible Cultural Heritage (ICH...
What is Call Money?
How many countries have exploded atom bomb before India?
Given below are two statements, one labeled as Assertion (A) and the other as Reason (R): Assertion (A): Balban made his government firm stable and cent...
The Murlen National Park (MNP) is located in which state?
Suppliers and Creditors of a firm are interested in
Who is the current Administrator of Chandigarh?
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