If equilibrium price rises but equilibrium quantity remains unchanged, the cause is:

Related MCQs

• Equilibrium in the factor market achieved at the factor price and factor quantity is given by
• If marginal product of labour rises because of new technology:
• When price is below equilibrium level, there will be:
• A decrease in demand causes the equilibrium price to:
• Given the price, if the cost of production increases because of higher price of raw materials, the supply
• A monopolist maximizes profit by producing the quantity at which
• Which of the following trade policies limits specified quantity of goods to be imported at one tariff rate.
• The firm is in equilibrium in the factor market when it employs units of labour upto the point where
• The labour market equilibrium determines the wage rate and
• Equilibrium conditions for factor market is