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Economics
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Question-1
The forces working in the opposite directions are brought into balance through ____________.
(A)
Disequilibrium.
(B)
Equilibrium
(C)
Inequilibrium
(D)
None of these
Question-2
An increase in supply is greater than the increase in demand, the equilibrium price tends to ________.
(A)
Increase
(B)
Decrease
(C)
Remains to same
(D)
none of these
Question-3
The price at which quantity demanded equals quantity supplied is known as _________.
(A)
Disequilibrium price
(B)
equilibrium price
(C)
Inequilibrium Price
(D)
None of these
Question-4
Excess supply leads to _________.
(A)
Lack of demand
(B)
fall in price
(C)
rise in price
(D)
Increase in the purchasing power
Question-5
The amount that is brought and sold at the equilibrium price is called _________.
(A)
Disequilibrium quantity
(B)
Equilibrium quantity
(C)
Inequilibrium quantity
(D)
None of these
Question-6
An increase in demand is greater than the increase in supply, the equilibrium price would _______.
(A)
Increase
(B)
decrease
(C)
remains same
(D)
none of these
Question-7
An increase in supply of a commodity results in _________ shift in demand curve.
(A)
rightward
(B)
leftward
(C)
parallel
(D)
vertical
Question-8
At the the equilibrium price, there is __________.
(A)
No excess demand
(B)
No excess supply
(C)
neither excess demand nor excess supply
(D)
none of these
Question-9
Fall in quantity supplied leads to _________.
(A)
decline in quantity of goods available in the market
(B)
price tends to rise
(C)
fall in the quantity demanded
(D)
All of these
Question-10
An increase in demand is grater than the increase in supply, the equilibrium quantity tends to __________.
(A)
Increase
(B)
Decrease
(C)
remains same
(D)
Any of these
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Plus 2 Humanities
ICSE/ISC
Practice in Related Chapters
Micro Economic Theory
Theory of Consumer Behavior; Marginal Utility and Indifference Curve Analysis
Law of Supply and Price Elasticity of Supply
Laws of Returns - Returns to a Factor and Returns to Scale
Demand and Law of Demand
Elasticity of Demand
Cost and Revenue Analysis
FORMS OF MARKET
EQUILIBRIUM OF FIRM
Determination of Equilibrium Price and Output Under Perfect Competition Monopoly and Monopolistic
Equilibrium Price: Market Price
Nature of Goods and Services Produced
National Income Aggregates
INTERNATIONAL TRADE; NEED AND BASIS
Balance of Payments
Theory of Distribution: Marginal Productivity Theory and Determination of Wages
Public Expenditure
PUBLIC DEBT
Fiscal Policy and Deficit Financing
The Theory of Distribution: Rent, Interest and Profit
National Income and Circular Flow of Income
Measurement of National Income
- GOVERNMENT BUDGET
PUBLIC FINANCE;TAXATION
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