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Equilibrium quantity and price

Elucidate the consequence of an increase in demand of a commodity on its equilibrium quantity and price?

Answer: Increase in demand causes a rightward shift in the demand curve keeping similar supply curve. As an outcome the equilibrium price and quantity both will raise.

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    Q : Define marginal revenue Marginal

    Marginal revenue: This is the change in total revenue by selling one more or a lesser amount of unit of commodity.