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
Imposition of ______ above the equilibrium price leads to an excess supply.

(A) Price floor	(B) Price ceiling
(C) Equilibrium	(D) Equilibrium price

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

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

Question-3
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-4
The price at which demand and supply are equal is called

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

Question-5
Which of the following causes black marketing ?

(A) Fixation of maximum price by government	(B) Fixation of minimum price by government
(C) Fixation of support price by government	(D) Fixation of nominal price by government

Question-6
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-7
The price theory is otherwise called as

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

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
______ means the creation of utility

(A) Consumption	(B) Mobility
(C) Price	(D) Production

Question-10
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

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Std 9

Tamil Nadu (English Medium)

Practice in Related Chapters
Equilibrium Price
Demand and Supply