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If there is simultaneous fall in consumers disposal income as well number of suppliers of a product in the market, the?

(A) Equilibrium quantity will decrease
(B) Equilibrium price will decrease
(C) Equilibrium price will go up
(D) Equilibrium quantity will increase

►Correct Option

Correct Option is: C

Economics McqsEconomics Mcq Questions and Answers, Economics Mcqs, Economics Mcqs With Answers

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