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The individual demand and supply functio...

The individual demand and supply functions of a product are given as: Dx=10-2Px,Sx=10+2Px, where Px stands for price and Dx and Sx respectively stands for quantity demanded and quantity supplied. If there are 4,000 consumers and 1,000 firms in the market, then equilibrium price will be :

A

rupee 4

B

rupee 4.25

C

rupee 3

D

rupee 5

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SANDEEP GARG-PRICE DETERMINATION AND SIMPLE APPLICATIONS-Multiple Choise Questions
  1. Equilibrium price remains the same when :

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

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  3. How does cost saving technology affect the equilibrium price and equil...

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  4. Price Floor can also be described as:

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  5. Equilibrium price falls and equilibrium quantity rises when:

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  6. If increases in demand is greater than the increases in supply, then t...

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  7. If decrease in supply is less than the decrease in demand, then:

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  8. The individual demand and supply functions of a product are given as: ...

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  9. The individual demand and supply functions of a product are given as: ...

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  10. Which of the following situation does not lead to an increase in equil...

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  11. Suppose consumer taste shifts in favour of apples. As a result, equili...

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  12. If the price of a commodity is below the equilibrium price, then quant...

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  13. The following diagram depicts the situation of :

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  14. Price Floor is the price fixed by the government, which is:

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  15. Government has fixed the price as OP(1), while the equilibrium price i...

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  16. Maximum Price Ceiling leads to a situation of:

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  17. The following diagram represents the situation of:

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  18. Choose the correct option, when supply increases and demand is prefect...

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  19. When actual price of a commodity is less than equilibrium price, its p...

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  20. In a commodity market, excess demand exists when:

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