A decrease in demand causes the equilibrium price to:

Related MCQs

• If equilibrium price rises but equilibrium quantity remains unchanged, the cause is:
• With decrease in price of bonds, rate of interest:
• In market equilibrium, supply is vertical line. The downward sloping demand curve shifts to the rights. Then,
• Equilibrium in the factor market achieved at the factor price and factor quantity is given by
• When price is below equilibrium level, there will be:
• Under __________________, price is determined by the interaction of total demand and total supply in the market.
• Given the price, if the cost of production increases because of higher price of raw materials, the supply
• A decrease in the supply of labour is likely to lead to:
• 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