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When at a given price, the quantity supplied of a commodity is more than the quantity demanded, 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 isoquant approach is based upon:
  2. In monopolistic competition, the firms have to face:
  3. Total profits are maximized at the point where:
  4. The vertical distance between TVC and TC is equal to:
  5. If the price of a product falls which of the following would occur?
  6. If the marginal utility of apples to a consumer exceeds that of bananas then the consumer:
  7. The standard form of demand function is:
  8. If the price of coffee increases, you would predict that:
  9. Cross-elasticity of demand or cross-price elasticity between two independent goods will be:
  10. If Cobb-Douglas production function is homogeneous of degree greater than one (n>1), then it shows:
  11. Perfect competition assumes:
  12. Identify the work of Irving Fisher:
  13. An indifferent curve shows:
  14. Production function relates:
  15. When at a given price, the quantity demanded of a commodity is more than the quantity supplied, there…
  16. Time Preference Theory of Interest was presented by:
  17. Indifference curves are downward sloping and are drawn bowed toward the origin (convex to the origin)…
  18. Law of Diminishing Marginal Utility is practically untrue because:
  19. In case of short-run, the supply curve of an industry is the horizontal summation of:
  20. The pay-off matrix shows:
  21. The number of firms in monopolistic competition normally range between:
  22. If less is demanded at the same price or same quantity demanded at a lower price, it is a case of:
  23. Elasticity of demand is equal to unity while marginal revenue is:
  24. When in a market, the number of buyers is very large and the number of sellers is very small, it is…
  25. A budget line shows:
  26. Average cost means:
  27. The production function can convey to a firm:
  28. In cournot model, at equuilibrium when MC = MR, the elasticity of demand is:
  29. Nash equilibrium is applicable in case of:
  30. The monopolist who is producing the same output from two (or more than two) plants is concerned with: