Multiple Choice
From the position of stable equilibrium, the market supply of a commodity decreases, while the market demand remains unchanged, then:
A) equilibrium price falls
B) equilibrium quantity rises
C) both equilibrium price and equilibrium quantity decreases
D) equilibrium price rises, but equilibrium quantity falls
Correct Answer:

Verified
Correct Answer:
Verified
Q3: If a positively sloped linear supply curve
Q4: Most important determinant of demand is :<br>A)income<br>B)wealth<br>C)price<br>D)advertisement
Q5: Cross elasticity of demand in the case
Q6: When the price of the substitute commodity
Q7: If a small change in price leads
Q9: The market equilibrium for a commodity is
Q10: Average cost is the sum of AVC
Q11: In which of the following market, advertisement
Q12: Elasticity of supply for a positively sloped
Q13: Which of the following is the reason