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Questions › CUET-PG › CUET-PG 2018 › Q57
4 marks, −1Microeconomics › Perfect competition › Market equilibrium and comparative staticsModerateabout 1 min

CUET-PG 2018 Question 57: Perfect competition

The market for shirts is in equilibrium. If the price of cotton decreases, the equilibrium price and quantity (respectively) of shirts will

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Perfect competition has come up 115 times in 7 exams since 2006.

What this question tests

This question is on Market equilibrium and comparative statics, part of Perfect competition in Microeconomics.

Finding equilibrium from demand and supply and tracing how it moves when either curve shifts.

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