What will be the effect on equilibrium price and equilibrium quantity of telephone instruments, if China exports a large number of telephone instruments to India.
What will be the effect on equilibrium price and equilibrium quantity of telephone instruments, if China exports a large number of telephone instruments to India.
What will be the effect on equilibrium price and equilibrium quantity of telephone instruments, if China exports a large number of telephone instruments to India.
Equilibrium price will fall and equilibrium quantity will rise (due to increase in supply).
What will be the effect on equilibrium price and equilibrium quantity of telephone instruments, if China exports a large number of telephone instruments to India.
Answers
Amit
Equilibrium price will fall and equilibrium quantity will rise (due to increase in supply).