Effects of Shifts in Demand and Supply on Equilibrium
Economics ⇒ Markets and Price Determination
Effects of Shifts in Demand and Supply on Equilibrium starts at 11 and continues till grade 12.
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See sample questions for grade 11
A festival increases the demand for sweets, but the supply remains unchanged. What will happen to the equilibrium price and quantity?
A sudden increase in the price of petrol leads to a decrease in demand for cars. What is the likely effect on the equilibrium price of cars?
Describe the effect on equilibrium price and quantity if supply increases more than demand increases.
Describe what is meant by 'excess demand' and its effect on equilibrium.
Explain the effect on equilibrium price and quantity if both demand and supply decrease, but demand decreases more than supply.
Explain the effect on equilibrium price if demand increases more than supply increases.
Explain the effect on equilibrium price if supply decreases more than demand decreases.
Explain the effect on equilibrium quantity if demand decreases more than supply decreases.
Explain the effect on equilibrium quantity if supply increases and demand decreases simultaneously.
Explain what happens to equilibrium quantity when both demand and supply increase simultaneously.
If both demand and supply decrease, what happens to the equilibrium quantity?
If the demand for a good increases and the supply decreases, what will happen to the equilibrium price?
If the demand for a good is perfectly inelastic, what happens to equilibrium price when supply decreases?
If the demand for a product falls due to a change in consumer tastes, what will happen to the equilibrium price and quantity, assuming supply remains constant?
If the government imposes a tax on a good, causing supply to decrease, what is the likely effect on equilibrium price and quantity?
Suppose the demand and supply equations for a good are Qd = 100 - 2P and Qs = 20 + 3P. If demand increases by 20 units at every price, what is the new equilibrium price?
Suppose the initial equilibrium price of a good is ₹50. If demand increases and supply remains constant, what will happen to the equilibrium price?
