Stable Equilibrium Position MCQs 1566 to 1570

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Stable Equilibrium Position MCQs

  • If the percentage increase in the quantity of a commodity demanded is smaller than the percentage fall in its price, the coefficient of price elasticity of demand is
  • If, from a position of stable equilibrium, the market supply of a commodity decreases while the market demand remains unchanged,
  • When the market supply curve for a commodity is negatively sloped, we have a case of
  • If the supply curve of a commodity is positively sloped, a rise in the price of the commodity, ceteris paribus, results in and is referred to as
  • A producer’s positively sloped supply curve for a commodity represents

Quiz with Answers

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Economics 1566-1570

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If the percentage increase in the quantity of a commodity demanded is smaller than the percentage fall in its price, the coefficient of price elasticity of demand is

2 / 5

If, from a position of stable equilibrium, the market supply of a commodity decreases while the market demand remains unchanged,

3 / 5

When the market supply curve for a commodity is negatively sloped, we have a case of

4 / 5

If the supply curve of a commodity is positively sloped, a rise in the price of the commodity, ceteris paribus, results in and is referred to as

5 / 5

A producer’s positively sloped supply curve for a commodity represents

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Stable Equilibrium Position MCQs

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