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At a price of rupee 5 per chocolate, the...

At a price of rupee 5 per chocolate, the demand is 70 chocolates and the supply is 90 chocolates. What is likely to be its effect on the price of chocolates?

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At a price of rupee 5, there is excess supply of 20 chocolates. It will lead to a decrease in the price of chocolates.
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Read the following information carefully to answer the questions based on it. A, B, C, D, P, Q, R and S sit in a twoparallel row. Four people in each row. People seated in row-1 face towards the south and people seated in row-2 face towards north. People seated in row-1 face people seated in row-2. All people have a different number of chocolates. Q has 8 chocolates less than R. The one who has 10 chocolates faces the one who has 13 chocolates. One person sits between P and C who has 22 chocolates. P faces the one who sits immediate left of A . S has fewer chocolates than A. A does not like 13 chocolates. One person sits between A and D. Three people sit to the left of the one who faces Q who faces towards the north. The one who has 38 chocolates sits immediately to the right of R. S has thrice as many chocolates as Q has. A has 8 chocolates more than P. The sum of the total number of chocolates having the people sitting in row-1 is 86. One person sits between S and the one who sits opposite the person who has 38 chocolates. Two people sit between the one who has 13 chocolates and Q. If P gives 5 chocolates to R and C lends 4 chocolates to B. Then how many chocolates R and B would have?

Read the following information carefully to answer the questions based on it. A, B, C, D, P, Q, R and S sit in a twoparallel row. Four people in each row. People seated in row-1 face towards the south and people seated in row-2 face towards north. People seated in row-1 face people seated in row-2. All people have a different number of chocolates. Q has 8 chocolates less than R. The one who has 10 chocolates faces the one who has 13 chocolates. One person sits between P and C who has 22 chocolates. P faces the one who sits immediate left of A . S has fewer chocolates than A. A does not like 13 chocolates. One person sits between A and D. Three people sit to the left of the one who faces Q who faces towards the north. The one who has 38 chocolates sits immediately to the right of R. S has thrice as many chocolates as Q has. A has 8 chocolates more than P. The sum of the total number of chocolates having the people sitting in row-1 is 86. One person sits between S and the one who sits opposite the person who has 38 chocolates. Two people sit between the one who has 13 chocolates and Q. Who amongst the following sits second to the left of the person having 24 chocolates?

SANDEEP GARG-PRICE DETERMINATION AND SIMPLE APPLICATIONS-Very Short Answer Type Questions
  1. What is meant by equilibrium quantity?

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  2. What is equilibrium point?

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  3. Give the meaning of excess demand for a product.

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  4. At a price of rupee 5 per chocolate, the demand is 70 chocolates and t...

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  5. For a non-viable industry, where does the supply curve lie in relation...

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  6. How does a cost saving technology affect the price and quantity exchan...

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  7. What happens to the equilibrium price of a good when the demand for th...

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  8. Mention the situation in which an increase in demand will lead to rise...

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  9. What will be the effect of a rightward shift ofthe supply curve on the...

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  10. How does an increase in the income affect the equilibrium price of a p...

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  11. A severe drought results in a drastic fall in the output of wheat. Ana...

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  12. How does an increase in input price affect the equilibrium price and q...

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  13. What will be the effect on equilibrium price and equilibrium quantity ...

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  14. What happens to equilibrium price of a commodity If there is 'decrease...

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  15. What happens to equilibrium price of a commodity if there is an 'incre...

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  16. Mention two situations in which an increase in supply of a commodity w...

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  17. Define Price Ceiling.

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  18. What is meant by Price Floor?

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  19. Out of 'Price Floor' and 'Price Ceiling', which concept is used by the...

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  20. On what type of goods, Maximum Price Ceiling is normally imposed by th...

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