Equilibrium in the market for good A obtains

Equilibrium in the market for good A obtains
1). when there is no surplus or shortage prevailing in the market
2). where the demand and supply curves for A intersect
3). when all of what is produced of A is consumed
4). all of the above

---

Join Telegram Group

Answer This Question
Name:
Email:
Answer :
Sum of (5+4)
Submit:

Other Questions

1. The G-20 is grouping of world?s most powerful 20 countries. In terms of economic representation, what percentage of wolds?s economy is represented by G-20 nations ?

2. Value of Total Goods and Services produced in a country is its _____________ .

3. Question 4:If rxy = 0 the variable X and Y are(i) linearly related(ii) not linearly related(iii) independent

4. The situation with increasing unemployment and inflation

5. Question 13:Bring out the importance of animal husbandry, fisheries and horticulture as a source of diversification.

6. 'Repo rate' is the rate at which :

7. When a market is in equilibrium

8. Other things equal, if a good has more substitutes, its price elasticity of demand is

9. The term 'Dumping' refers to

10. Find the correct statements. 1. India’s largest trade dealing is with European region. 2. Share of gems and jewellery is highest in India’s imports