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ME
Question Practice

What is the role of the supply curve in determining market equilibrium under free entry and exit?

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 the role of the supply...

Single Answer MCQ
Q-00089622

What is the role of the supply curve in determining market equilibrium under free entry and exit?

1

It dictates profit levels

2

It determines the maximum price

3

It shows quantity produced at given prices

4

It restricts the number of firms

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