Government adopts dual marketing to avoid _____________.
Rationing
Private trading
Black marketing
None of these
At the point of equilibrium, ___________.
Only one price prevails
Quantity demanded = quantity supplied
The demand curve intercepts the supply curve
All the above
Supply remaining the same, an increase in demand will bring out
A fall in price
A rise in price
No change in price
Slowly rise in price
In the long period, supply can be changed by changing _________.
All factors change
Only variable factor changes
Only fixed factor changes
Variable and fixed factor
Above the equilibrium price, ___________.
S<D
S>D
S=D
The equilibrium price will fall if increase in supply is __________.
Equal to the increase in demand.
Less than the increase in demand
Greater than the increase in demand
Which of the following determines price of a commodity in a market?
Demand
Supply
Both a and b
When Government fixes price at a lower level than the equilibrium price, the supply ____________.
Equals demand
Exceeds demand
Falls short of demand
Which of the following cause black marketing?
Fixation of maximum price by Government
Fixation of minimum price by Government
Fixation of support price by Government
When demand and supply fall proportionately, equilibrium price will ____________.
Increase
Decrease
Remain unchanged
