Supply remaining the same, an increase in demand will bring out
A fall in price
A rise in price
No change in price
Equilibrium
In order to protect the interest of the producers, the Government may fix for commodities
Equilibrium price
Minimum price
Normal price
None of these
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
In order to protect the interest of the producers, the Government may fix for commodity's
Maximum price
The support price fixed by Government is generally
Equal to the equilibrium price
Lower than the equilibrium price
Higher than the equilibrium price
Which of the following cause black marketing?
Fixation of maximum price by Government
Fixation of minimum price by Government
Fixation of support price by Government
The price at which demand and supply are equal is called
Support price
Money price
Equilibrium literally means
Balance
Imbalance
Change
No change
When Government fixes price at a lower level than the equilibrium price, the supply
Equals demand
Exceeds demand
Falls short of demand
Government adopts dual marketing to avoid
Rationing
Private trading
Black marketing
International trade