ICS Part 1 Economics Chapter 6 MCQs Test

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

This online test contains MCQs about following topics:

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

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

ClassName Chapter Wise Test

Here is List Of ClassName Chapter Wise Tests

Ch. # Test Name MCQs Available PDF File Answers Mode Launch Test
1 Economics Ics Part 1 English Medium Online Test 1324 Download PDF MCQ Answers Launch Test
1 Economics Ics Part 1 English Medium Chapter 1 Online Test 132 Download PDF MCQ Answers Launch Test
2 Economics Ics Part 1 English Medium Chapter 2 Online Test 74 Download PDF MCQ Answers Launch Test
3 Economics Ics Part 1 English Medium Chapter 3 Online Test 76 Download PDF MCQ Answers Launch Test
4 Economics Ics Part 1 English Medium Chapter 4 Online Test 92 Download PDF MCQ Answers Launch Test
5 Economics Ics Part 1 English Medium Chapter 5 Online Test 82 Download PDF MCQ Answers Launch Test
6 Economics Ics Part 1 English Medium Chapter 6 Online Test 64 Download PDF MCQ Answers Launch Test
7 Economics Ics Part 1 English Medium Chapter 7 Online Test 72 Download PDF MCQ Answers Launch Test
8 Economics Ics Part 1 English Medium Chapter 8 Online Test 62 Download PDF MCQ Answers Launch Test
9 Economics Ics Part 1 English Medium Chapter 9 Online Test 48 Download PDF MCQ Answers Launch Test
10 Economics Ics Part 1 English Medium Chapter 10 Online Test 102 Download PDF MCQ Answers Launch Test
11 Economics Ics Part 1 English Medium Chapter 11 Online Test 80 Download PDF MCQ Answers Launch Test
12 Economics Ics Part 1 English Medium Chapter 12 Online Test 78 Download PDF MCQ Answers Launch Test

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Economics Ics Part 1 English Medium Chapter 6 Online Test (MCQs With Answers)

Sr. # Questions Answers Choice
1 Market Price of Perishable Commodities Utility Consumer None of these
2 Which one will be termed as supply of a product. One tone potato in cold storage One ton rice offered for sale in market One ton rice brought for sale in market at a certain price. None of the three
3 A change in price brings in quantity supplied. it will be. Rise in supply Contraction of supply Fall in supply Extension of supply
4 Market equilibrium means a situation where Q<sub>s</sub>= Q<sub>d</sub> Q<sub>s</sub>= Q<sub>p</sub> Q<sub>d</sub>= Q<sub>p</sub> Q<sub>q</sub>= Q<sub>p</sub>
5 Demands and supply curves cross at always at 60 degree at 90 degree at equal angle at any angle
6 A decrease in demand causes the equilibrium price to rise fall remain constant indeterminate
7 When price is fixed below equilibrium level, there will be surplus commodity in the market shortage of commodity in the market supply curve will shift demand curve will shift
8 A rise in supply and demand in equal proportion will result in increase in equilibrium price and decrease in equilibrium quantity decreases in equilibrium price and increases in equilibrium quantity no change in equilibrium price and increases in equilibrium quantity increases in equilibrium price and no change in equilibrium quantity
9 Markets where firms supply goods and services demanded by households are factor market product market open markets resource markets
10 The price and sales of sugar both increase. What could be the cause of this? a decrease in the income of the consumers. a decrease in the tax on sugar An increase in the wages of workers in the sugar industry An increase in the price of sugar substitutes
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