When at a given price, the quantity demanded of a commodity is more than the quantity supplied, there will be:

A. An upward pressure on price

B. A downward pressure on price

C. Price will remain unaffected

D. All of the above

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

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  1. The Substitution Effect (S.E) is always:
  2. The slope of indifference curve shows:
  3. The cournot model is a model of:
  4. Of the following, which one is a characteristic of monopolistic competition?
  5. Cross-elasticity of demand or cross-price elasticity between two substitutes will be:
  6. With elasticity of demand, the:
  7. The entry of new firms in cournot model is:
  8. In discriminating monopoly (price discrimination), the cost of production in two markets are:
  9. Economies of large-scale production:
  10. If we measure the elasticity of demand with the help of the average and marginal revenue, the formula…
  11. Equilibrium of a firm represents maximization of profits as well as:
  12. In dominant strategies I am doing the best, I can no matter:
  13. Which describes a competitive market?
  14. Marginal revenue from a given output:
  15. The arc elasticity is the measure of average elasticity at the mid-point of the chord and connects:
  16. The firm in cournot model:
  17. A straight line, downward-sloping demand curve implies that, as price falls, the elasticity of demand:
  18. Microeconomics deals with the:
  19. An indifferent curve shows:
  20. The cost curves of the firm shift due to changes in:
  21. Micro economics is concerned with:
  22. Nash Equilibrium is stable:
  23. When elasticity of demand is less than one (e
  24. The Chamberline model recognizes mutual:
  25. A monopolist is able to maximize his profit when:
  26. The fundamental choices that a society must make about the use of its resources include:
  27. Scarcity means:
  28. Income effect operates through an increase
  29. Price is measured in:
  30. Price discrimination is undertaken with the aim of: