71) If the price of a good is equal to the equilibrium price,
Answer is:
the quantity demanded is equal to the quantity supplied and the price remains unchanged.
Related Micro Economics MCQ (GK Set-1) with Answers
Answer is:
an increase in the equilibrium price and quantity.
Answer is:
an increase in the equilibrium price and a decrease in the equilibrium quantity.
Answer is:
the equilibrium quantity to rise and the change in the equilibrium price to be ambiguous
Answer is: