Market Equilibrium Class 12 MCQs Questions with Answers

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

2. Which is the component of factor price determination?

3. Market Price is found in:

4. The price of a good is determined by:

5. Main feature of perfectly competitive market is:

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

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

8. Which among the following statement is not true:

9. Market price is associated with:

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

11. Administrative price is:

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

13. Market price is found in:

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

15. Which of the following is correct ?

16. Not a condition of equilibrium of monopoly firm:

17. Rent is = ?

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

19. Minimum support price of wheat is called:

20. Excess demand can be seen in: