MCQ
When demand increases with no change in supply, equilibrium price $.........$ and quantity $.........$
- ✓Rises, rises.
- BRises, falls.
- CFalls, falls.
- DFalls, rises.
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| Price (₹) | Quantity Demanded (Units) | Quantity Supplied (Units) |
| 5 | 100 | 500 |
| 4 | 200 | 400 |
| 3 | 300 | 300 |
| 2 | 400 | 200 |
| 1 | 500 | 100 |
| Column I | Column II |
| A. Demand curve | (i) Complete the demand for each other |
| B. Giffen goods | (ii) Graphic presentation of demand schedule |
| C. Complementary goods | (iii) Quantity demanded decreases due to a rise in own price of the commodity |
| D. Contraction of demand | (iv) Highly inferior goods |
| S. No. | Price $($₹ per unit$)$ | Quantity Supplied $($in units$)$ |
| $i.$ | $25$ | $50$ |
| $ii.$ | $35$ | $70$ |
| Output (Units) | Average Revenue (₹) | Total Revenue (₹) | Marginal Revenue (₹) |
| 1 | 10 | - | 10 |
| 2 | - | 16 | 6 |
| 3 | 6 | 18 | - |