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Question Practice

How do government-imposed price ceilings affect market equilibrium?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Economics
Introductory Microeconomics
Market Equilibrium
Question Bank

How do government-imposed pric...

Single Answer MCQ
Q-00089574

How do government-imposed price ceilings affect market equilibrium?

1

They create excess supply

2

They create excess demand

3

They stabilize prices

4

They have no effect

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Q1.

What is market equilibrium?

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Q2.

When does excess demand occur in a market?

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Q3.

What occurs at a price above the equilibrium price?

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Q4.

What is the equilibrium price in a perfectly competitive market?

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