Equilibrium literally means
Balance
Imbalance
Change
Constant
Government adopts dual marketing to avoid
Rationing
Private trading
Black marketing
All the above
The price theory is otherwise called as
Macro economic theory
Micro economic theory
Monetory theory
Public finance
When government fixes price at a lower level than the equilibrium price then supply
Equals demand
Exceeds demand
Fall short of demand
Decreasing demand
Imposition of ______ above the equilibrium price leads to an excess supply.
Price floor
Price ceiling
Equilibrium
Equilibrium price
In order to protect the interest of the producers the government may fix for commodities
Minimum price
Normal price
Nominal price
Supply remaining the same, an increase in demand will bring about
A fall in price
A rise in price
No change in price
Which of the following causes black marketing ?
Fixation of maximum price by government
Fixation of minimum price by government
Fixation of support price by government
Fixation of nominal price by government
When demand and supply fall proportionately equilibrium price will
increase
Decrease
Remain unchanged
When supply increase at a rate higher than the rate at which demand increases then the price will
Increase
Remain constant
slowly increase