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
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
In order to protect the interest of the producers, the Government may fix for commodities
Equilibrium price
Minimum price
Normal price
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
Which of the following determines price of a commodity in a market?
Demand
Supply
Both a & b
Price
Changes in quantity demanded occur
Only when price changes
Due to change of taste
Both A and B
Changes in price
The price theory is otherwise called as
Macro Economic Theory
Micro Economic Theory
Monetory Theory
Price theory
Government adopts dual marketing to avoid
Rationing
Private trading
Black marketing
International trade
When Government fixes price at a lower level than the equilibrium price, the supply
Equals demand
Exceeds demand
Falls short of demand
When demand and supply fall proportionately, equilibrium price will
Increase
Decrease
Remain unchanged
