The price at which demand and supply are equal is called
Normal price
Support price
Equilibrium price
Money price
In order to protect the interest of the producers, the Government may fix for commodities
Minimum price
None of these
The support price fixed by Government is generally
Equal to the equilibrium price
Lower than the equilibrium price
Higher than the equilibrium price
The price theory is otherwise called as
Macro Economic Theory
Micro Economic Theory
Monetory Theory
Price theory
Supply remaining the same, an increase in demand will bring out
A fall in price
A rise in price
No change in price
Equilibrium
When demand and supply fall proportionately, equilibrium price will
Increase
Decrease
Remain unchanged
When Government fixes price at a lower level than the equilibrium price, the supply
Equals demand
Exceeds demand
Falls short of demand
Government adopts dual marketing to avoid
Rationing
Private trading
Black marketing
International trade
Above the equilibrium price,
S
S>D
S=D
D
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
