Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) General Knowledge Economy

In the given figure, DD is the demand curve and SS is the supply curve in a market. Choose the right answer from the following. 

1
There is no stable equilibrium.
2
E2 is a stable equilibrium, though E1, is an unstable equilibrium
3
E1 is a stable equilibrium, though E2 is an unstable equilibrium
4
Both E1, & E2, are stable equilibrium
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