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Question Practice

What is most likely to happen in a market characterized by excess supply?

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 most likely to happen ...

Single Answer MCQ
Q-00089611

What is most likely to happen in a market characterized by excess supply?

1

Prices will rise as consumers buy more

2

Producers will be motivated to lower prices

3

Demand will increase instantly

4

Equilibrium will remain unchanged

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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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