CBSE Class 12-commerce Answered
Market for pulses is in equlibrium. Explain the impact of rise in price of wheat on equilibrium price and quantity?
Asked by sanjana30yadav | 23 Feb, 2018, 05:44: PM
Expert Answer
Rise in prices of Wheat will make the commodity Pulses relatively cheaper and demand for pulses will increae. This leads to excess demand and there will be increase in both equilibrium price and the quantity.
Answered by Tharageswari S | 24 Feb, 2018, 01:13: PM
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