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

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

1.Price will fall

2.Price remains same

3.Price will rise

4.Quantity rises

Posted Date:-2021-08-24 04:38:40

More MCQS Questions and answers

  1. A rise in supply and demand in equal proportion will result in:
  2. In market equilibrium supply is vertical line. The downward sloping demand curve shifts to the rights. Then:
  3. Ten rupees is the equilibrium price for good X. If government fixes price at Rs. 5 there is:
  4. A decrease in demand causes the equilibrium price to:
  5. An increases in the price of mutton provides information which:
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  7. If equilibrium price rises but equilibrium quantity remains unchanged the cause is:
  8. Price of a product is determined in a free market:
  9. The price and sales of sugar both increase. What could be the cause of this?
  10. When price is below equilibrium level there will be:
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