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
Changes in quantity demanded occur _____________.
Only when price changes
Due to change of taste
Both A and B
None of these
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
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
The price at which demand and supply are equal is called _____ .
Normal price
Support price
Equilibrium 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
When Government fixes price at a lower level than the equilibrium price, the supply ____________.
Equals demand
Exceeds demand
Falls short of demand
When supply increases at a rate higher than the rate at which demand increases, then the price will __________.
Remains constant
