Market Equilibrium Test 1 Mcqs Online Preparation

1. In market equilibrium, supply is vertical line. The downward sloping demand curve shifts to the rights. Then:

2. The price and sales of sugar both increase. What could be the cause of this ?

3. When price is below equilibrium level, there will be:

4. An increases in the price of mutton provides information which:

5. Ten rupees is the equilibrium price for good X. If government fixes price at Rs. 5, there is:

6. A rise in supply and demand in equal proportion will result in:

7. A decrease in demand causes the equilibrium price to:

8. Equilibrium:

9. Price of a product is determined in a free market:

10. If equilibrium price rises but equilibrium quantity remains unchanged, the cause is: