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If, at the prevailing price, more of a good is desired than is available for sale:

A. The price is below equilibrium

B. The price is at equilibrium

C. The price must fall

D. We cannot tell anything about the price

Please do not use chat terms. Example: avoid using "grt" instead of "great".

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  1. Which of the following is not an explicit cost of production?
  2. The standard form of demand function is:
  3. In the long run average costs curve, a firm can change:
  4. Marginal Productivity Theory deals with the theory of:
  5. Marginal utility (MU) always:
  6. The marshallian indirect utility function in the form of equation is:
  7. For the given production function, technical inefficiency is defined as:
  8. The ordinal approach was presented by:
  9. In substitution effect, we:
  10. Who wrote Economics of Imperfect Competition?
  11. When SAC curve rises, SMC curve lies its:
  12. Technological efficiency:
  13. If two goods are perfect substitutes then IC will be:
  14. Capital and Development Planning is the work of:
  15. In monopolistic competition, the customers are attached with one product because of:
  16. Which of the following theories of trade cycle was presented by William Jevons?
  17. Consumers are likely to get a variety of similar goods under:
  18. A monopolist is:
  19. The equilibrium level of output for the pure monopolist is where:
  20. Under competitive conditions, the industry will be in equilibrium:
  21. The price consumption curve (PCC) for commodity X is the locus of points of consumer equilibrium resulting…
  22. The main contribution of Prof.Robbins is in the field of:
  23. If the demand for good is more elastic and government levied a tax per unit of output, the price per…
  24. Cardinal approach includes arranging:
  25. In arriving at stable equilibrium in cournot model, if one firm decreases output the other firm will:
  26. The partial equilibrium model keeps other things:
  27. We can write ordinal utility function as:
  28. The optimum level of output in long run takes place where:
  29. Revealed Preference Theory was presented by:
  30. In monopoly, new firms: