The equilibrium price is determined by the forces of:

Related MCQs

• The market equilibrium for a commodity is determined by :
• At prices above the equilibrium price
• If the quantity demanded remains unchanged as the price of the commodity falls, the coefficient of price elasticity of demand is:
• Partial equilibrium analysis come under:
• From the position of stable equilibrium, the market supply of a commodity decreases, while the market demand remains unchanged, then:
• Under the classical system, the equilibrium will be at:
• Equilibrium in the economy is settled by ---------, according to the Classicals.
• Other things remaining the same, the quantity of a product demanded increases with ------------ in price.
• Relation between price of a commodity and demand for another commodity is measured by:
• Demand varies ------------- with price.