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Market Equilibr...

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  • Question 1
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    This a MCQ (Multiple Choice Question) based practice test of Chapter 5  - Market Equilibrium of Economics of Class XII (12) for the quick revision/preparation of School Board examinations

    Q   _____________ is the price at which demand for a commodity is equal to its supply?

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    Equilibrium price may or may not change with shifts in both demand and supply curve.

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    Excess demand is a situation when

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    Deficient demand is a situation when

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    During excess demand

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    Deficient demand

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    During deficient demand

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    After excess demand

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    Ring deficient demand

  • Question 10
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    Excess demand occurs when

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