Market Equilibrium

Economics
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When a consumer moves from one point to another on the same supply curve it is called as -

A
Expansion or contraction in supply
B
Movement along supply curve
C
Both (A) and (B)
D
Increase or decrease in supply
Hard
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When demand curve shifts rightward, and supply curve leftward, _______.

A
equilibrium price decreases
B
equilibrium price increases
C
equilibrium quantity decreases
D
equilibrium quantity and price may increase, decrease or remain unchanged
Hard
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According to Keynesian theory of income determination, at full employment, a fall in aggregate demand lead to a ___________.

A
fall in prices of output and resources
B
fall in real gross national product and employment
C
rise in real gross national product and investment
D
rise in prices of output and resources
Hard
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When both demand and supply curve shift leftward, _____.

A
equilibrium quantity decreases 
B
equilibrium price may increase, decrease or remain unchanged
C
equilibrium quantity may increase, decrease or remain unchanged
D
equilibrium price decreases
Hard
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