The market equilibrium for a commodity is determined by:

Related MCQs

• From the position of stable equilibrium, the market supply of a commodity decreases, while the market demand remains unchanged, then:
• Relation between price of a commodity and demand for another commodity is measured by:
• If the supply curve of the commodity is having a positive slope, a rise in the price of the commodity, results in:
• A fall in the price of the commodity whose demand curve is a rectangular hyperbola causes total expenditure on the commodity:
• An increase in the price of the commodity when demand is inelastic causes the total expenditure of consumers of the commodity to:
• A negative income elasticity of demand for a commodity indicates that as income falls, the amount of the commodity purchased:
• If the amount of the commodity purchased remains unchanged when the price of another commodity changes, the cross elasticity of demand between them will be:
• If the income elasticity of demand for a commodity is found to be 0.4, then the commodity concerned is
• LM curve shows the equilibrium condition in ---------- market
• The equilibrium in the product market is represented by which curve?