Equilibrium Price- Indian Economy
Congratulations - you have completed Equilibrium Price- Indian Economy.
You scored %%SCORE%% out of %%TOTAL%%.
Your performance has been rated as %%RATING%%
Your answers are highlighted below.
Question 1 |
What is equilibrium price?
The equilibrium price is where the supply of goods matches demand. When a major index experiences a period of consolidation or sideways momentum, it can be said that the forces of supply and demand are relatively equal and that the market is in a state of equilibrium. |
Question 2 |
How has Alfred Marshall classified time period?
He classified it into three types.
a. Market period or very short period
b. Short period and
c. Long period
|
Question 3 |
What is short period?
During this period supply can be altered to some extent. |
Question 4 |
What is long period?
During this period supply can be altered fully. |
Question 5 |
What is market period or very short period?
During this period the time allotted for supply is very limited. |
Question 6 |
Equilibrium price equalizes________
Demand and supply | |
Demand and income | |
Supply and production | |
Demand and utility |
Question 7 |
Supply is constant in_______
very short period | |
short period | |
long period | |
very long period |
Question 8 |
When the price rises the demand __________
decreases | |
increases | |
becomes natural | |
becomes zero |
Question 9 |
If the price is greater than the equilibrium price, then there is a gap between______
demand and supply | |
supply and production | |
demand and price | |
supply and price |
Question 10 |
Alfred Marshall explained about the role of _________ in influencing the equilibrium price.
time | |
money | |
consumers | |
products |
Once you are finished, click the button below. Any items you have not completed will be marked incorrect.
There are 10 questions to complete.
