Multiple Choice
When price is below equilibrium level, there will be:
A) Surplus commodity in the market
B) Supply curve will shift
C) Demand curve will shift
D) Shortage of commodity in the market
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
Q22: Factor market will be in equilibrium when<br>A)Demand
Q23: The firm is in equilibrium in the