The price theory is otherwise called as
Macro economic theory
Micro economic theory
Monetory theory
Public finance
When demand and supply fall proportionately equilibrium price will
increase
Decrease
Remain unchanged
Constant
______ means the creation of utility
Consumption
Mobility
Price
Production
Inorder to protect the interest of the consumers the government may fix for commodities
Equilibrium price
Minimum price
Maximum price
Nominal price
When government fixes price at a lower level than the equilibrium price then supply
Equals demand
Exceeds demand
Fall short of demand
Decreasing demand
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
Normal 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
