Suppose that in the clothing market, production costs have fallen, but the equilibrium price and quantity purchased have both increased. Based on this information we can conclude that

demand for clothing has grown faster than the supply of clothing.

Explanation:

In the case when the cost of the production declines but at the same time the equilibrium price and quantuity would rised up. So here we can conclude that the demand for clothing would be grown in fastest way as compared with the supply of clothing

Hence, the same is considered and relevant too

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