A rise in supply and demand in equal proportion will result in:

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Question:
 A rise in supply and demand in equal proportion will result in:

1. Increase in equilibrium price and decrease in equilibrium quantity

2.Decrease in equilibrium price and increase in equilibrium quantity

3.No change in equilibrium price and increase in equilibrium quantity

4.Increase in equilibrium price and no change in equilibrium quantity

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:
  6. Equilibrium:
  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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