CBSE Questions for Class 11 Commerce Economics Market Equilibrium Quiz 2 - MCQExams.com

The simultaneous shifts can happen in four possible ways, which are _____.
  • both supply and demand curves shift rightwards
  • both supply and demand curves shift leftwards
  • supply curve shifts leftward and demand curve shifts rightward
  • all of these
An industry which is fighting hard to increase its market share in the existing market (with new popular products) is known as:
  • Market vendor
  • Market operator
  • Market leader
  • Market challenger
When demand curve shifts rightward, and supply curve leftward, the equilibrium quantity _________.
  • increases
  • decreases
  • remains same
  • all of the above
Collateralised Borrowing and Lending Obligation (CBLO) is a
  • Money Market Instrument
  • Monetary Policy Instrument
  • Investment Fund
  • Capital Market Instrument
At any price lower than equilibrium price, there is _____.
  • excess supply
  • excess demand
  • deficient supply
  • deficient demand
When both demand and supply curve shift rightward,_______.
  • equilibrium quantity increases
  • equilibrium pice may increase, decrease or remain unchanged
  • equilibrium quantity decreases
  • Both A and B
Which of the following is not considered a money market instrument?
  • Treasury bills
  • Repurchase agreement
  • Commercial paper
  • Shares and bonds
Reservation price is _________ expected price.
  • maximum
  • ordinary
  • minimum
  • higher
When demand curve shifts leftward, and supply curve rightward, the price ___________.
  • increases
  • decreases
  • remains same
  • could be A or B or C
Geometric method is also known as Point Method.
  • True
  • False
Expansion and increase in supply means the same thing.
  • True
  • False
In case of perishable goods supply means the same thing.
  • True
  • False
Supply of perishable goods is inelastic.
  • True
  • False
The supply curve slopes downwards from left to right.
  • True
  • False
Supply curve of labour could be backward sloping.
  • True
  • False
The reservation price for flowers is low.
  • True
  • False
Slope of supply curve is _________.
  • negative
  • positive
  • vertical
  • horizontal
Contraction in demand is the result of _____ in the number of consumer.
  • an increase
  • a decrease
  • no change
  • variation
Individual demand refers to the quantity demanded by_____ .
  • a society
  • a family
  • the nation
  • none of the above
The demand for consumer goods is _____ .
  • direct
  • indirect
  • constant
  • floating
If the price of inferior goods falls, the quantity demanded for them _______ .
  • increases
  • decreases
  • remain constant
  • becomes zero
When there is a decrease in price, the demand_____ .
  • rises
  • decreases
  • becomes zero
  • remain constant
The sum of individual demand constitutes ____ demand.
  • national
  • market
  • individual
  • household
When less is purchased at the constant price, it is called ______ in demand.
  • increase
  • decrease
  • expansion
  • contraction
A variation in demand of mango due to decrease in its price is _____ of demand.
  • contraction
  • expansion
  • increase
  • decrease
Demand of several consumers is called _____ demand.
  • individual
  • joint
  • market
  • independent
Demand for a goods which has more than one use is called _____ demand.
  • composite
  • direct
  • derived
  • indirect
Desire means demand.
  • True
  • False
Concept of elasticity of demand is useful for finance minister.
  • True
  • False
If the demand curve is a rectangular hyperbola elasticity co-efficient value is ____.
  • one
  • zero
  • infinity
  • less than one
0:0:1


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