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
None of these
Changes in quantity demanded occur _____________.
Only when price changes
Due to change of taste
Both A and B
The support price fixed by Government is generally __________.
Equal to the equilibrium price
Lower than the equilibrium price
Higher than the equilibrium price
Which of the following determines price of a commodity in a market?
Demand
Supply
Both a and b
The price at which demand and supply are equal is called _____ .
Normal price
Support price
Equilibrium price
The equilibrium price will not change when increase in supply is
Less than the increase in demand
Greater than the increase in demand
Equal to the increase in demand
Less than decrease in demand
When supply increases at a rate higher than the rate at which demand increases, then the price will __________.
Increase
Decrease
Remains constant
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
The price theory is otherwise called as
Macro Economic Theory
Micro Economic Theory
Monetory Theory
Demand theory
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
