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A deflationary gap exists when there is insufficient demand available in the economy to generate a full-employment equilibrium. Total No of Views : 1330 |
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Decrease in Supply & Equilibrium Price Under Perfect Competition. When there is a decrease in supply, there is a backward shift in the supply curve. |
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Price Determination Under Perfect Competition - Non - Viable Industry. A industry is said to be a non-viable industry, when there is no demand for that good even at a minimum price. |