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A fall in the market demand, supply remaining the same results in:

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Question:

A fall in the market demand, supply remaining the same results in:

A.

Increase in equilibrium price

B.

Increase in equilibrium quantity

C.

Increase in equilibrium price and decrease in equilibrium quantity

D.

Both equilibrium price and quantity falls

Answer» d. Both equilibrium price and quantity falls

Note: The above multiple-choice question is for all general and Competitive Exams in India.