Question Description
If the supply of a commodity is perfectly elastic, an increase in demand will result in:a)Decrease in both price and quantity at equilibriumb)Increase in both price and quantity at equilibriumc)Increase in equilibrium quantity, equilibrium price remaining constantd)Increase in equilibrium price, equilibrium quantity remaining constantCorrect answer is option 'C'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about If the supply of a commodity is perfectly elastic, an increase in demand will result in:a)Decrease in both price and quantity at equilibriumb)Increase in both price and quantity at equilibriumc)Increase in equilibrium quantity, equilibrium price remaining constantd)Increase in equilibrium price, equilibrium quantity remaining constantCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If the supply of a commodity is perfectly elastic, an increase in demand will result in:a)Decrease in both price and quantity at equilibriumb)Increase in both price and quantity at equilibriumc)Increase in equilibrium quantity, equilibrium price remaining constantd)Increase in equilibrium price, equilibrium quantity remaining constantCorrect answer is option 'C'. Can you explain this answer?.

Solutions for If the supply of a commodity is perfectly elastic, an increase in demand will result in:a)Decrease in both price and quantity at equilibriumb)Increase in both price and quantity at equilibriumc)Increase in equilibrium quantity, equilibrium price remaining constantd)Increase in equilibrium price, equilibrium quantity remaining constantCorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.

Here you can find the meaning of If the supply of a commodity is perfectly elastic, an increase in demand will result in:a)Decrease in both price and quantity at equilibriumb)Increase in both price and quantity at equilibriumc)Increase in equilibrium quantity, equilibrium price remaining constantd)Increase in equilibrium price, equilibrium quantity remaining constantCorrect answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of If the supply of a commodity is perfectly elastic, an increase in demand will result in:a)Decrease in both price and quantity at equilibriumb)Increase in both price and quantity at equilibriumc)Increase in equilibrium quantity, equilibrium price remaining constantd)Increase in equilibrium price, equilibrium quantity remaining constantCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for If the supply of a commodity is perfectly elastic, an increase in demand will result in:a)Decrease in both price and quantity at equilibriumb)Increase in both price and quantity at equilibriumc)Increase in equilibrium quantity, equilibrium price remaining constantd)Increase in equilibrium price, equilibrium quantity remaining constantCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of If the supply of a commodity is perfectly elastic, an increase in demand will result in:a)Decrease in both price and quantity at equilibriumb)Increase in both price and quantity at equilibriumc)Increase in equilibrium quantity, equilibrium price remaining constantd)Increase in equilibrium price, equilibrium quantity remaining constantCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice If the supply of a commodity is perfectly elastic, an increase in demand will result in:a)Decrease in both price and quantity at equilibriumb)Increase in both price and quantity at equilibriumc)Increase in equilibrium quantity, equilibrium price remaining constantd)Increase in equilibrium price, equilibrium quantity remaining constantCorrect answer is option 'C'. Can you explain this answer? tests, examples and also practice CA Foundation tests.