Equilibrium conditions for factor market is
A) Demand for factors is equal to supply of factors
B) Demand for factors is less than supply of factors
C) Demand for factors is more than supply of factors
D) None of the above
Correct Answer:
Verified
Q2: Equilibrium in the factor market achieved at
Q3: Monopsony means
A)A single seller
B)A single buyer
C)Large number
Q4: Monopoly means
A)A single seller
B)A single buyer
C)Large number
Q5: Factor prices are determined in the factor
Q6: The labour market equilibrium determines the wage
Q8: Demand for factor of production is
A)Supplementary demand
B)Intermediate
Q9: Factor market will be in equilibrium when
A)Demand
Q10: Which of the following is not a
Q11: The supply of a good refers to:
A)Stock
Q12: The cost of one thing in terms
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