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An increase in market demand, supply remaining the same results in:

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Question:

An increase in market demand, supply remaining the same results in:

A.

Decrease in equilibrium price

B.

Decrease in equilibrium quantity

C.

Decrease in equilibrium price and increase in equilibrium quantity

D.

Both equilibrium price and quantity rises

Answer» d. Both equilibrium price and quantity rises

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