1.If the influence of an individual seller on the market price is zero, the state of markets is
FORMS OF MARKET AND PRICE DETERMINATION

Quiz
•
Education
•
12th Grade
•
Hard
Raj Kumar Yadav
Used 11+ times
FREE Resource
5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Perfect competition
Monopoly
Monopolistic competition
All of these.
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Under perfect competition, demand curve of a firm is
Positively sloped
Negatively sloped
Horizontal
Vertical
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
If both supply and demand increase by the same proportion
Price remains constant
Quantity remains constant
Price increases
Quantity decreases
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What will be the effect on equilibrium market price of a good if its demand decreases and supply increases?
Equilibrium price Falls
Equilibrium price Rises
Equilibrium price remains unchanged
Equilibrium price may increase decrease and remain unchanged.
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which of the following is the effect of price ceiling?
Hoarding
Black marketing
Rationing
All of these
Similar Resources on Wayground
7 questions
Market Structures True/false

Quiz
•
9th Grade - University
10 questions
Marketing and Marketing mix

Quiz
•
12th Grade
10 questions
Demand

Quiz
•
9th - 12th Grade
10 questions
Elasticity of Demand - 2

Quiz
•
12th Grade
10 questions
ผลต่างต้นทุนมาตรฐาน

Quiz
•
12th Grade
10 questions
Introduction to Micro Economics & Macro Economics - 2

Quiz
•
12th Grade
10 questions
monopolistic competition

Quiz
•
12th Grade
10 questions
Understanding the Price Mechanism

Quiz
•
12th Grade
Popular Resources on Wayground
25 questions
Equations of Circles

Quiz
•
10th - 11th Grade
30 questions
Week 5 Memory Builder 1 (Multiplication and Division Facts)

Quiz
•
9th Grade
33 questions
Unit 3 Summative - Summer School: Immune System

Quiz
•
10th Grade
10 questions
Writing and Identifying Ratios Practice

Quiz
•
5th - 6th Grade
36 questions
Prime and Composite Numbers

Quiz
•
5th Grade
14 questions
Exterior and Interior angles of Polygons

Quiz
•
8th Grade
37 questions
Camp Re-cap Week 1 (no regression)

Quiz
•
9th - 12th Grade
46 questions
Biology Semester 1 Review

Quiz
•
10th Grade