When government fixes price at a lower level than the equilibrium price then supply
Equals demand
Exceeds demand
Fall short of demand
Decreasing demand
The price theory is otherwise called as
Macro economic theory
Micro economic theory
Monetory theory
Public finance
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
In order to protect the interest of the producers the government may fix for commodities
Equilibrium price
Minimum price
Normal price
Nominal price
Government adopts dual marketing to avoid
Rationing
Private trading
Black marketing
All the above
Inorder to protect the interest of the consumers the government may fix for commodities
Maximum price
Equilibrium literally means
Balance
Imbalance
Change
Constant
When supply increase at a rate higher than the rate at which demand increases then the price will
Increase
Decrease
Remain constant
slowly increase
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
______ means the creation of utility
Consumption
Mobility
Price
Production