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ME
Question Practice

What is 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

What is market equilibrium?

Single Answer MCQ
Q-00089569

What is market equilibrium?

1

A situation where demand equals supply

2

A situation where excess demand exists

3

A situation where excess supply exists

4

A situation with fluctuating prices

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Keep Practising

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Continue with nearby questions to strengthen the same chapter concept while you still have the context fresh in mind.

Q1.

When does excess demand occur in a market?

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Q2.

What occurs at a price above the equilibrium price?

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Q3.

What is the equilibrium price in a perfectly competitive market?

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Q4.

In a market with fixed number of firms, what happens to equilibrium supply when demand increases?

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