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First Year Economics Chapter 6 Online MCQ Test for 1st Year Economics Chapter 6 (Market Equilibrium)

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This online test contains MCQs about following topics:

Determination of Market Pice ,Changes in Demand and Supply Cinditions ,Market Price ,Normal Price

ICS Part 1 Economics Chapter 6 Test

Start Chapter 6 Test

Economics Ics Part 1 English Medium Chapter 6 Online Test

Try the Economics Ics Part 1 English Medium Chapter 6 Online Test.

  • Total Questions20

  • Time Allowed30

Economics Ics Part 1 English Medium Chapter 6 Online Test

00:00
Question # 1

A rise in supply and demand in equal proportion will result in

Question # 2

Extension of supply will take place as a consequence of:

Question # 3

A change in price brings in quantity supplied. it will be.

Question # 4

Which one will be termed as supply of a product.

Question # 5

In market equilibrium, supply is vertical line. The downward sloping demand curve shifts to the right. Then

Question # 6

Markets where firms supply goods and services demanded by households are

Question # 7

Ten rupees is the equilibrium price for good Z. If govt. fixes price at Rs. 5, there is

Question # 8

Demand and supply forces determine market price

Question # 9

In case of a fall in supply.

Question # 10

When price is fixed below equilibrium level, there will be

Question # 11

If we know that quantities bought and sold are equal, we can conclude that

Question # 12

A producers has one thousand tons of rice to be offered for sale at a certain price in future, it will be called.

Question # 13

Market Price of Perishable

Question # 14

When the supply curve of a product is parallel to the vertical axis, it would mean that;

Question # 15

Equilibrium

Question # 16

The price and sales of sugar both increase. What could be the cause of this?

Question # 17

If equilibrium price rises but equilibrium quantity remains unchanged, the cause is

Question # 18

An increases in the price of mutton provides information which

Question # 19

Perfectly inelastic supply curve is:

Question # 20

Demands and supply curves cross at

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6th Chapter

ICS Part 1 Economics Chapter 6 MCQs Test

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