Price of a product is determined in a free market:

Related MCQs

• Under __________________, price is determined by the interaction of total demand and total supply in the market.
• Factor prices are determined in the market under forces of
• Factor prices are determined in the factor market under the forces of
• Given the price, if the cost of production increases because of higher price of raw materials, the supply
• Equilibrium in the factor market achieved at the factor price and factor quantity is given by
• Under conditions of perfect competition in the product market:
• Under Marginal productivity Theory, reward for labour is determined by
• With decrease in price of bonds, rate of interest:
• When price is below equilibrium level, there will be:
• If equilibrium price rises but equilibrium quantity remains unchanged, the cause is: