When demand and supply fall proportionately, equilibrium price will
Increase
Decrease
Remain unchanged
None of these
When supply increases at a rate higher than the rate at which demand increases, then the price will
Remains constant
The price at which demand and supply are equal is called
Normal price
Support price
Equilibrium price
Money price
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 commodity's
Minimum price
Maximum price
Government adopts dual marketing to avoid
Rationing
Private trading
Black marketing
International trade
Above the equilibrium price,
S
S>D
S=D
D
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
The time element in price analysis was introduced by
J.R. Hicks
J.M. Keynes
Alfred Marshall
J.S. Mill