If demand increases in a market this will usually lead to
A higher equilibrium price and output
A lower equilibrium price and higher output
A lower equilibrium price and output
A higher equilibrium price and lower output
Equilibrium literally means
Balance
Imbalance
Change
Constant
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
Less than the decrease in demand
The support price fixed by government is generally
Equal to the equilibrium price
Lower than the equilibrium price
Higher than the equilibrium price
None of these
Inorder to protect the interest of the consumers the government may fix for commodities
Equilibrium price
Minimum price
Maximum price
Nominal price
The price at which demand and supply are equal is called
Normal price
Support price
Real money
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
Supply remaining the same, an increase in demand will bring about
A fall in price
A rise in price
No change in price
