MCQ
When supply increases and there is no change in demand, then equilibrium price $.........$ and quantity $.........$
- ✓Falls, rises.
- BRises falls.
- CRises rises.
- DFalls, falls.
✓
Answer
Correct option: A.
Falls, rises.
Need a full question paper?
Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.
Explore more
Similar questions
Which of the following does not cause shift of supply curve of a good?
Demand curve is upward sloping for:
Slope of $\text{PPC}$ between point $N$ and $M$ is:
→Variable proportions type production function exists:
Which of the following is related to microeconomics?
In case of inferior goods like bajra, a fall in its price tends to $......$
→If in an industry, demand and supply will not intersect in positive quadrant, then it is called:
In the diagram alongside (Fig. 17), inefficient use of resources is shown by:
Identify the correct sequence of alternatives given in Column II by matching them with respective items in Column I:
→| Column I | Column II |
| A. Consumer's equilibrium | (i) $\frac{\Delta Y}{\Delta X}$ |
| B. Slope of IC | (ii) Budget line rotates to the right starting from the Y-axis |
| C. $P_X$ falls | (iii) Consumer should move downward to the right along the IC |
| D. $MRS _{X Y}>\frac{P_X}{P_y}$ | (iv) Optimum choice of the consumer |
Which of the following measures of price elasticity shows elastic supply?