A. Oligopoly
B. Monopoly
C. collusion
D. All
Related Mcqs:
- The implicit change in real income resulting from the effects of a change in a commodity’s price on quantity demand?
A. Income effect
B. Substitution effect
C. Labour effect
D. All - Any system that features one price for sellers and another for buyers ?
A. Dual price system
B. Floor pricing
C. Ceiling pricing
D. None - The responsiveness of the quantity demand of a commodity to change in the consumer’s income, measured by the proportionate change in quantity divided by the proportionate change in income ?
A. Elasticity of demand
B. Import substitution
C. Income elasticity of demand
D. None - An institution or mechanism which brings together buyers and sellers is called____________________?
A. Market
B. Resource Market
C. Product Market
D. None - A benefit or cost from production or consumption accruing without compensation to non buyers and non/sellers of the product is called_________________?
A. Speculation
B. Specialization
C. Spill over
D. anti dumping - A condition when there is excessive produce in the market which lowers down the price is called__________________?
A. Market glut
B. Perfect market
C. Imperfect market
D. All of these - The gradual decline over time in the value or price of one currency in terms of another as a result of market forces of supply and demand ?
A. Depreciation
B. Downsizing
C. Rightsizing
D. All - A legally determined price above the equilibrium price is__________________?
A. Floor price
B. Ceiling price
C. Equilibrium price
D. None - Increases in the price level resulting from an excess of demand over output at the existing price level, caused by an increase in aggregate demand ?
A. Demand pull inflation
B. Stagflation
C. Both
D. None - Other thing remain the same as price rises, the corresponding quantity supplied rises, as price falls the quantity supplied falls is___________________?
A. Say’s law
B. Keynes theory of supply
C. Law of supply
D. None
