In market equilibrium, supply is vertical line. The downward sloping demand curve shifts to the rights. Then,

Related MCQs

• If equilibrium price rises but equilibrium quantity remains unchanged, the cause is:
• Under __________________, price is determined by the interaction of total demand and total supply in the market.
• A decrease in demand causes the equilibrium price to:
• The firm is in equilibrium in the factor market when it employs units of labour upto the point where
• Equilibrium in the factor market achieved at the factor price and factor quantity is given by
• The labour market equilibrium determines the wage rate and
• Equilibrium conditions for factor market is
• Factor market will be in equilibrium when
• In a perfectly competitive market a firm in the long run will be in equilibrium when:
• The labor market equilibrium determines the wage rate and