The market equilibrium for a commodity is determined by :
A) market demand
B) market supply
C) balancing of the forces of demand and supply
D) any of the above
Correct Answer:
Verified
Q11: If a small change in price leads
Q12: Net addition to total utility when one
Q13: Most important determinant of demand is :
A)income
B)wealth
C)price
D)advertisement
Q14: Which of the following is the reason
Q15: Net addition to total cost is called:
A)marginal
Q17: When there are only few sellers of
Q18: If the supply curve of the commodity
Q19: From the position of stable equilibrium, the
Q20: Elasticity of supply for a positively sloped
Q21: In which of the following market, advertisement
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