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If the increase in demand is more than the increase in supply, the price will:

A. Rise

B. Fall

C. Remain the same

D. None of the above

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

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  1. In cournot model, firms make decisions separately regarding:
  2. On all points of budget (price) line:
  3. Who developed the concept of Representative Firm?
  4. The modern cost curves are based upon the idea of:
  5. Selling costs are incurred under monopolistic competition to:
  6. The Law of Proportionality is another name of:
  7. The slope of isocost line (budget line) shows:
  8. An indifference curve shows the bundles of two goods among which a consumer remains:
  9. If two households have identical preferences but different incomes then:
  10. Efficient allocation of resources is achieved to a greater extent under:
  11. Revealed Preference Theory was presented by:
  12. Under monopoly and imperfect competition MC is:
  13. The long run average cost curve is the envelope of:
  14. Who is the author of Choice of Technique?
  15. Production is a function of:
  16. The average product is given as:
  17. The kink demand curve faced by an oligopolist is based on the assumption that:
  18. Moving along the indifference curve leaves the consumer:
  19. The MRTS along an iso-quant goes on to:
  20. A demand curve is not related to:
  21. Necessary condition for consumer equilibrium is:
  22. The Prisoners Dilemma was presented by A.W.Tucker in:
  23. According to Marshallian approach, utility:
  24. The standard form of demand function is:
  25. One way the government can induce a monopolist to expand his output is by imposing:
  26. The concept of industry in monopolistic competition has been replaced by:
  27. Total costs are:
  28. Who is the author of Problems of Capital Formation in Underdeveloped Countries?
  29. Who first formulated the Marginal Productivity Theory of Distribution?
  30. If the price of a product falls which of the following would occur?