Market Equilibrium Test 1 Mcqs Online Preparation

Test Instructions

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:
A.
B.
C.
D.

2. A decrease in demand causes the equilibrium price to:
A.
B.
C.
D.

3. Price of a product is determined in a free market:
A.
B.
C.
D.

4. The price and sales of sugar both increase. What could be the cause of this ?
A.
B.
C.
D.

5. Equilibrium:
A.
B.
C.
D.

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

7. If equilibrium price rises but equilibrium quantity remains unchanged, the cause is:
A.
B.
C.
D.

8. An increases in the price of mutton provides information which:
A.
B.
C.
D.

9. Ten rupees is the equilibrium price for good X. If government fixes price at Rs. 5, there is:
A.
B.
C.
D.

10. When price is below equilibrium level, there will be:
A.
B.
C.
D.


 

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