Multiple Choice
Equilibrium conditions for factor market is
A) Demand for factors is equal to supply of factors
B) Demand for factors is less than supply of factors
C) Demand for factors is more than supply of factors
D) None of the above
Correct Answer:
Verified
Correct Answer:
Verified
Q12: Equilibrium in the factor market achieved at
Q13: Sometimes the supply curve of labour ends:<br>A)Downward<br>B)Upward<br>C)Backward<br>D)Firstly
Q14: The opportunity cost of a machine which
Q15: Which of the following is a characteristic
Q16: On which law of consumption the concept
Q18: Monopoly means<br>A)A single seller<br>B)A single buyer<br>C)Large number
Q19: The labour market equilibrium determines the wage
Q20: Under conditions of perfect competition in the
Q21: When price is below equilibrium level, there
Q22: Factor market will be in equilibrium when<br>A)Demand