Market Equilibrium Test 1 Mcqs Online Preparation

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

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

3. Equilibrium:

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

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

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

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

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

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

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