Market Equilibrium Class 12 MCQs Questions with Answers

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

2. Which is the component of factor price determination?

3. Administrative price is:

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

5. Not a condition of equilibrium of monopoly firm:

6. Which of the following is correct ?

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

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

9. Rent is = ?

10. Market Price is found in:

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

12. Main feature of perfectly competitive market is:

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

14. The price of a good is determined by:

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

16. Excess demand can be seen in:

17. Which among the following statement is not true:

18. Market price is associated with:

19. Minimum support price of wheat is called:

20. Market price is found in: