Supply remaining the same, an increase in demand will bring about
A fall in price
A rise in price
No change in price
Constant
The price theory is otherwise called as
Macro economic theory
Micro economic theory
Monetory theory
Public finance
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
______ means the creation of utility
Consumption
Mobility
Price
Production
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
Which of the following determines price of commodity in a market ?
Demand
Supply
Both a and b
Neither a nor b
When government fixes price at a lower level than the equilibrium price then supply
Equals demand
Exceeds demand
Fall short of demand
Decreasing demand
When supply increase at a rate higher than the rate at which demand increases then the price will
Increase
Decrease
Remain constant
slowly increase
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
In order to protect the interest of the producers the government may fix for commodities
Equilibrium price
Minimum price
Normal price
Nominal price
