Market Equilibrium Class 12 MCQs Questions with Answers

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

2. Minimum support price of wheat is called:

3. Which is the component of factor price determination?

4. Which of the following is correct ?

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

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

7. Excess demand can be seen in:

8. Administrative price is:

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

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

11. Market Price is found in:

12. Main feature of perfectly competitive market is:

13. Not a condition of equilibrium of monopoly firm:

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

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

16. Rent is = ?

17. Market price is found in:

18. Market price is associated with:

19. The price of a good is determined by:

20. Which among the following statement is not true: