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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A government subsidy increases the supply of wheat. What is the likely effect on the equilibrium price, assuming demand remains constant?
Describe the effect on equilibrium quantity if demand increases but supply remains unchanged.
Explain the effect on equilibrium price and quantity if both demand and supply decrease, but the decrease in supply is greater than the decrease in demand.
Explain the effect on equilibrium price and quantity if both demand and supply increase by the same percentage.
Explain the effect on equilibrium price and quantity if both demand and supply increase, but the increase in supply is greater than the increase in demand.
Explain the effect on equilibrium price if demand increases and supply decreases simultaneously.
Explain the effect on equilibrium quantity if both demand and supply decrease, but the decrease in demand is greater than the decrease in supply.
Explain the effect on equilibrium quantity if demand decreases and supply increases simultaneously.
Explain the effect on equilibrium quantity when both demand and supply increase by the same proportion.
Explain with reason: What happens to equilibrium price if both demand and supply increase, but the increase in demand is greater than the increase in supply?
If the demand for a good increases due to a rise in population, but supply remains unchanged, what happens to the equilibrium price and quantity?
If the demand for a product increases and the supply decreases at the same time, what will be the effect on equilibrium price?
If the government imposes a price ceiling below the equilibrium price, what is the likely effect on the market?
If the government imposes a tax that reduces supply, what is the likely effect on equilibrium price and quantity, assuming demand is unchanged?
If the supply of a commodity increases while demand remains unchanged, what will be the effect on equilibrium price?
If the supply of a product increases due to technological advancement, but demand remains unchanged, what happens to the equilibrium price and quantity?
