MCQ Questions Class 11 Economics Part 2: Introductory Microeconomics Chapter 5 Market Equilibrium with Answers

Free PDF Download of CBSE Class 11 Economics Part- 2 : Introductory Microeconomics Chapter 5 Market Equilibrium Multiple Choice Questions with Answers.Based on Latest Exam Pattern. Students can solve MCQ NCERT Class 11 Economics Part- 2 : Introductory Microeconomics Chapter 5 Market Equilibrium Multiple Choice Questions with Answers to know their preparation level.

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Class 11 Economics Microeconomics: Introductory Microeconomics (Part-B) Chapter 5 Market Equilibrium MCQ Questions with Answers

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1. Which among the following statement is not true:

 
 
 
 

2. Demand curve of a firm is perfectly elastic in:

 
 
 
 

3. Which of the following is the component of instrument pricing:

 
 
 
 

4. Market price is associated with:

 
 
 
 

5. Administrative price is:

 
 
 
 

6. Price of a goods is determined at a point where :

 
 
 
 

7. Market price is found in:

 
 
 
 

8. Which of the following is correct ?

 
 
 
 

9. Market Price is found in:

 
 
 
 

10. Which is the component of factor price determination?

 
 
 
 

11. Main feature of perfectly competitive market is:

 
 
 
 

12. There is inverse relation between demand and price of goods in:

 
 
 
 

13. According to which economist “Price of a commodity is determined by the forces of demand and supply”:

 
 
 
 

14. The market in which there is free entry and exit is:

 
 
 
 

15. Excess demand can be seen in:

 
 
 
 

16. Rent is = ?

 
 
 
 

17. Which factors help in the determination of equilibrium price:

 
 
 
 

18. Not a condition of equilibrium of monopoly firm:

 
 
 
 

19. The price of a good is determined by:

 
 
 
 

20. Minimum support price of wheat is called:

 
 
 
 

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