The Equilibrium Price of Commodity will Definitely Rise if there is a/an:

  1. increase in supply combined with a decrease in demand
  2.  increase in demand accompanied by a decrease in supply
  3.  decrease in both demand and supply
  4.  increase in both demand and supply

 

Monis Rasool Professor Asked on 5th July 2015 in Economics.
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    increase in demand accompanied by decrease in supply

    The Equilibrium Price of Commodity will Definitely Rise if there is an increase in demand accompanied by a decrease in supply.

    Monis Rasool Professor Answered on 8th July 2015.
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