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From an equilibrium position, demand and supply of a commodity increase proportionately. Which one of the following is the most likely outcome of this situation with respect to new equilibrium price and output?
Correct Answer: (a)
Official keyThis question appeared in the GPSC Prelims 2025 examination (GS). It is Question 77 out of 200 questions in this paper.
This question was part of the GPSC Prelims 2025 (GS). The GPSC Prelims examination tests candidates on general studies, current affairs, and aptitude through multiple-choice questions.
Practice previous year questions from all GPSC Prelims papers and compare patterns with UPSC Prelims PYQ to identify overlapping topics.