Home

The general markets results from the imposition of price ceilings has been:

A. Higher prices

B. Increased prices

C. Increased consumption

D. Shortage of products

Correct Answer : D.


Download Objective type questions of Basics of Economics PDF

Visit our PDF store

Get all objective type questions of Basics of Economics MCQ

Also checkout these categories

Machine Input MI - set 1 MCQ Engineering Mechanics MCQ Transition Element MCQ Strength of Materials MCQ Building Materials MCQ Matter MCQ Antonyms MCQ Phylum - Pisces MCQ Chemistry in Service of Man MCQ Workshop Technology MCQ Direct TAX MCQ Microsoft Word MCQ

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

Submit
Load More..
You can do it
  1. In the range of excess capacity, the average costs are:
  2. General Equilibrium deals with the equilibrium of the:
  3. A country is advised to devalue (reduce external value of) its currency only when its exports face:
  4. Income-elasticity of demand is expressed as:
  5. According to Chamberlin, the activity of a monopolistic competitive firm:
  6. If as a result of an increase in prices, total outlay (expenditures) on a commodity decreases, its price-elasticity…
  7. In discriminating monopoly (price discrimination), the cost of production in two markets are:
  8. The indifference curve technique:
  9. If demand increased and supply decreased then:
  10. In monopoly:
  11. Which of the following formulae explain the term average revenue?
  12. When there is decrease in demand the demand curve:
  13. The right of individuals to control productive resources is known as:
  14. Chamberline introduces the concept of:
  15. Excess capacity is concerned with the:
  16. In a competitive market, price is determined primarily by:
  17. The Law of Proportionality is another name of:
  18. Supply curves are most elastic:
  19. Given a U shaped average cost curve, the relationship between average cost and marginal cost is such…
  20. In Edgeworth model, if price falls below competitive price, the demand is:
  21. In dominant strategies I am doing the best, I can no matter:
  22. Extension (expansion) and contraction of demand are result of:
  23. The isoquant approach is based upon:
  24. The goods sold by firms under monopolistic competition are technological as well as:
  25. In the short-run, the competitive firm can maximize its profits (or minimize its losses) by:
  26. Microeconomics is also known as:
  27. When was Adam Smiths major work An Enquiry into the Nature and Causes of Wealth of Nations published?
  28. Consumers Surplus can also be defined as:
  29. The price under perfect competition is settled by:
  30. When the consumer is in equilibrium not only his income is fully spent, but the ratio of marginal utility…