Tamil Nadu (English Medium) Std 9 Study Materials, Online Learning, Question Papers, Classnotes, Practice Test, MCQ | Smartindia Educational Program : www.smartindia.net.in

Question-1
The support price fixed by government is generally

(A) Equal to the equilibrium price	(B) Lower than the equilibrium price
(C) Higher than the equilibrium price	(D) None of these

Question-2
When demand and supply fall proportionately equilibrium price will

(A) increase	(B) Decrease
(C) Remain unchanged	(D) Constant

Question-3
Which of the following determines price of commodity in a market ?

(A) Demand	(B) Supply
(C) Both a and b	(D) Neither a nor b

Question-4
When supply increase at a rate higher than the rate at which demand increases then the price will

(A) Increase	(B) Decrease
(C) Remain constant	(D) slowly increase

Question-5
Supply remaining the same, an increase in demand will bring about

(A) A fall in price	(B) A rise in price
(C) No change in price	(D) Constant

Question-6
When government fixes price at a lower level than the equilibrium price then supply

(A) Equals demand	(B) Exceeds demand
(C) Fall short of demand	(D) Decreasing demand

Question-7
The price at which demand and supply are equal is called

(A) Normal price	(B) Support price
(C) Equilibrium price	(D) Real money

Question-8
The equilibrium price will fall if increase in supply is

(A) Equal to the increase in demand	(B) Less than the increase in demand
(C) Greater than the increase in demand	(D) Less than the decrease in demand

Question-9
The price theory is otherwise called as

(A) Macro economic theory	(B) Micro economic theory
(C) Monetory theory	(D) Public finance

Question-10
The price mechanism cannot

(A) Act as a signal	(B) Act as an incentive
(C) Act as a rationing device	(D) Shift the demand curve

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Std 9

Tamil Nadu (English Medium)

Practice in Related Chapters
Equilibrium Price
Demand and Supply