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When actual price of a commodity is less...

When actual price of a commodity is less than equilibrium price, its price:

A

Starts risisng

B

starts falling

C

starts fluctuating

D

remains constant

Text Solution

Verified by Experts

The correct Answer is:
(a)
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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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