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- Subject
- Marketeconomics-mcqs › market
- Published
- 31 May 2019
- Last updated
- 28 May 2026
Given a demand curve that slopes downward and a supply curve that slopes upward, what factor can lead to a rise in the equilibrium price?
Multiple choice question for Market. Select an option, then review the explanation below.
Explanation
When demand increases while supply remains unchanged, the equilibrium price tends to rise because more consumers are willing to purchase the product at higher prices.
More Market MCQs
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- 2.Which of the following is a classic example of a public good?
- 3.Which of the following factors can lead to market failure?
- 4.When a neighbor burns yard debris and smoke enters your home, what type of externality does this represent?
- 5.Why is a competitive equilibrium considered Pareto efficient?