Multiple Choice
Factor market will be in equilibrium when
A) Demand for factors is less than its supply
B) Demand for factors is equal to supply of factors
C) Supply of factors is less than for it
D) All of the above
Correct Answer:
Verified
Correct Answer:
Verified
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
Q17: Equilibrium conditions for factor market is<br>A)Demand for
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
Q23: The firm is in equilibrium in the