Re: microeconomics question

Posted by sunny2009 on Sep 25, 2011; 9:25am
URL: http://discussion-forum.276.s1.nabble.com/microeconomics-question-tp6827184p6828794.html

hello duck.....:)
 please help me regarding this question............
                    IF supply and demand curves are both upward sloping and they intersect in the nonnegative quadrant then....which of the following is true???
a.the equilibrium does not exist.
b.the equilibrium exists but is alwayz unstable.
c.the equilibrium exists and is stable if the demand curve intersects d supply curve from below.
d.the equilibrium exists and is stable if the demand curve intersects d supply curve from above
                            i m completely clueless about this question!!!