Multiple Choice Questions on At the equilibrium price ........ for SSC CHSL Preparation

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Multiple Choice Questions

At the equilibrium price ........

General Studies (CHSL) Indian Economy
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    At the equilibrium price
    quantity demanded is equal to quantity supplied
    Correct Answer
    quantity demanded is greater than quantity supplied
    Incorrect Answer
    elasticity of demand equals elasticity of supply
    Incorrect Answer

    price elasticity of demand is unity

    Incorrect Answer
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    Explanation:

    The equilibrium price is the market price where the quantity of goods supplied is equal to the quantity of goods demanded. This is the point at which the demand and supply curves in the market intersect.

    By: Barka Mirza
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