Question 2
A local milk store orders 300 half-litre bottles of milk and 100 loaves of bread each week. The store sells a bottle of milk for Rs. 20 and a loaf of bread for Rs 23. At the end of the first week, the store has sold 160 bottles of milk, while the loaves were sold out by mid-week which left customers leaving unhappy. With this information, answer the given subquestions.
Select all the statements that are TRUE
Decrease in selling price of bread will result in equilibrium with respect to bread sales
Increase in selling price of bread will result in equilibrium with respect to bread sales
Bread sales is already in equilibrium
Decrease in selling price of milk will result in equilibrium with respect to milk sales
Increase in selling price of milk will result in equilibrium with respect to milk sales
Milk sales is already in equilibrium