Question

Write the correct answer
1)Excess demand refers to a situation, when quantity demanded is------than quantity supplied at the prevailing market price.
2. Market Equilibrium is determined when the quantity demanded of a commodity bcomes------------.to quantity supplied.
3) When there is an increase in supply, demand remaining unchanged, Equilibrium price--------- and equilibrium quantity-----------
4.) ---------refers to fixing the maximum price of a commodity at a level lower than the equilibrium price.
5)--------is an important tool in the hands of government to ensure price floor. 6) When increase in demand is proportionately less than increase in supply. Equilibrium price will-----------
7) When the supply decreases, demand remaining unchanged, Equilibrium price and equilibrium quantity------------
8)---------. refers to the minimum price fixed by the govermment, which is above the equilibrum price and the producers must be paid for their produce.
9)---------refers to a situation, when the quantity supplied is more than the quantity demanded at the prevailing market price.
10 . Price Floor is also known as ------------.​

Answer 1

Answer:

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