FORMS OF MARKET AND PRICE DETERMINATION

FORMS OF MARKET AND PRICE DETERMINATION

12th Grade

5 Qs

quiz-placeholder

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FORMS OF MARKET AND PRICE DETERMINATION

FORMS OF MARKET AND PRICE DETERMINATION

Assessment

Quiz

Education

12th Grade

Hard

Created by

Raj Kumar Yadav

Used 11+ times

FREE Resource

5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

1.If the influence of an individual seller on the market price is zero, the state of markets is

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