Free MCQ’s Quiz on Class 11 Economics Chapter 5 – Market Equilibrium – Set 1
Free MCQ’s Quiz for Class 11 Economics Chapter 5 – Market Equilibrium Answers is prepared based on the latest CBSE Exam Pattern for the Academic Session. Students can solve NCERT based Class 11th Economics – ‘Market Equilibrium’ Multiple Choice Questions with Answers to know their preparation level on the Success Roar Classes website.
Here, we have provided Free MCQ’s Quiz on Class 11 Economics Chapter 5 – Market Equilibrium. Market Equilibrium is examined by combining consumer and firm behaviour through demand-supply research to determine where price equilibrium will be reached. It also involved that how demand and supply shifts affect equilibrium.
To make you perfect in this topic – Market Equilibrium, we are here with a set of MCQs Quiz that will help you in brushing up the understanding of the concepts.
Free MCQ’s on Market Equilibrium.
Each set of MCQ’s consists of 10 Questions and you can see the results immediately after submitting the Set.
Free MCQ’s on Market Equilibrium
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#1. Which one is the characteristic of market?
#2. What determines the Equilibrium Price?
#3. Price is determined by Demand and Supply. Who said this?
#4. Among the following, which one is the reason for the change in demand?
#5. A commodity's price is determined at the point where:
#6. Supply will be ___ in a very short period of time.
#7. Under ____, a seller cannot affect the market price.
#8. What is the cause of the change in demand?
#9. Which of the following is a component of factor price determination?
#10. Among the following, select the main feature of perfectly competitive market.
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