MCQ Chapter 9 The Price Puzzle Class 9 Social Science CBSE Board

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The Price Puzzle: What Drives the Market

1. Future price expectations mainly affect which of the following?

Question 1 of 20

2. People often postpone buying durable goods before Diwali or the New Year because they expect:

Question 2 of 20

3. Which term refers to the quantity of a product that sellers are willing and able to offer at a particular price?

Question 3 of 20

4. Which relationship is shown by the Law of Supply?

Question 4 of 20

5. Why do higher prices encourage producers to increase supply?

Question 5 of 20

6. What is individual supply?

Question 6 of 20

7. What happens to mango prices when supply increases during the season?

Question 7 of 20

8. Market supply is obtained by adding together the supplies of:

Question 8 of 20

9. Which factor may cause a farmer to grow more chickpeas instead of wheat?

Question 9 of 20

10. An increase in the number of sellers in a market generally leads to:

Question 10 of 20

11. Which technological improvement is mentioned as helping to increase crop production?

Question 11 of 20

12. Cold storage facilities mainly help producers by:

Question 12 of 20

13. If producers expect demand to increase in the near future, they are most likely to:

Question 13 of 20

14. What is market equilibrium?

Question 14 of 20

15. At market equilibrium, there is:

Question 15 of 20

16. In the mango example, what is the equilibrium price?

Question 16 of 20

17. In the mango example, what is the equilibrium quantity?

Question 17 of 20

18. What is the market situation called when quantity demanded is greater than quantity supplied?

Question 18 of 20

19. What is the market situation called when quantity supplied is greater than quantity demanded?

Question 19 of 20

20. Why does market equilibrium keep changing in real life?

Question 20 of 20


 

MCQ
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