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Price determination 20 feb

Authored by nirvair nanda

Arts

11th Grade

Used 3+ times

Price determination 20 feb
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In Excess demand

Competition between

Buyers

Sellers

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In Excess supply

Competition between

Buyers

Sellers

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In Excess demand

Prices

Decrease

Increase

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Excess supply

Price

Increases

Decrease

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When increase in demand=increase in supply

Price

Increase

Decrease

Constant

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When demand is constant and supply increase then

Equilibrium price

Increases

Decrease

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When supply constant and demand decrease

Equilibrium price will

Increases

Decrease

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