Commerce Exam > Commerce Notes > Economics Class 11 > Worksheet: Market Equilibrium- 1
Worksheet: Market Equilibrium- 1 | Economics Class 11 - Commerce PDF Download
| Table of contents |
|
| Multiple Choice Questions |
|
| Match the Following |
|
| True or False |
|
| Very Short Answers |
|
| Short Answers |
|
Multiple Choice Questions
Q1: What is the primary factor that determines market equilibrium?
(a) Demand only
(b) Supply only
(c) Both Demand and Supply
(d) Government regulations
Q2: Which of the following situations would lead to an increase in market equilibrium price?
(a) Increase in demand and decrease in supply
(b) Decrease in demand and increase in supply
(c) Increase in both demand and supply
(d) Decrease in both demand and supply
Q3: When market price is above the equilibrium price, what is likely to happen in the market?
(a) Surplus
(b) Shortage
(c) Equilibrium
(d) Stability
Q4: What happens to market equilibrium when there is a decrease in consumer preferences for a specific product?
(a) Equilibrium price increases
(b) Equilibrium quantity increases
(c) Equilibrium price and quantity decrease
(d) Equilibrium remains unchanged
Q5: Which of the following is a determinant of market demand?
(a) Production costs
(b) Consumer income
(c) Number of firms in the market
(d) Government policies
Match the Following
Q1: Match the Following
True or False
Q1: Market equilibrium is always stable.
Q2: Changes in consumer preferences do not affect market equilibrium.
Q3: Surplus occurs when quantity demanded exceeds quantity supplied.
Q4: Demand curve shows the relationship between price and quantity demanded.
Q5: Equilibrium price can be affected by changes in both demand and supply.
Very Short Answers
Q1: Explain the concept of market equilibrium.
Q2: What factors can cause a shift in the demand curve?
Q3: Define surplus and its impact on the market.
Q4: How does market equilibrium change when both demand and supply increase?
Q5: Explain the concept of a supply curve.
Short Answers
Q1: Discuss the factors that can lead to a shift in the supply curve.
Q2: Analyze the impact of government policies on market equilibrium.
Q3: Explain the concept of elasticity of demand and its relevance to market equilibrium.
Q4: Describe the role of consumer preferences in determining market equilibrium.
Q5: Discuss the impact of technological advancements on market equilibrium.
You can access the solutions to this worksheet here.
The document Worksheet: Market Equilibrium- 1 | Economics Class 11 - Commerce is a part of the Commerce Course Economics Class 11.
All you need of Commerce at this link: Commerce
|
59 videos|274 docs|51 tests
|
FAQs on Worksheet: Market Equilibrium- 1 - Economics Class 11 - Commerce
| 1. What is market equilibrium? |  |
Ans. Market equilibrium is a state in an economic market where the supply of goods matches demand. In this state, the prices remain stable because the quantity supplied equals the quantity demanded.
| 2. How does market equilibrium affect prices? | |
Ans. At market equilibrium, prices stabilize because there is no excess supply or demand. If prices are above equilibrium, excess supply leads to a decrease in prices, while prices below equilibrium result in excess demand, pushing prices up.
| 3. What factors can shift the market equilibrium? | |
Ans. Factors that can shift the market equilibrium include changes in consumer preferences, income levels, the number of suppliers, production costs, and external factors like government policies or economic events.
| 4. Why is understanding market equilibrium important for businesses? | |
Ans. Understanding market equilibrium helps businesses set appropriate prices for their products, manage supply levels, and make informed decisions about production and marketing strategies to maximize profits.
| 5. What happens when there is a surplus or shortage in the market? | |
Ans. When there is a surplus, the supply exceeds demand, leading to a decrease in prices. Conversely, a shortage occurs when demand exceeds supply, causing prices to rise until the market reaches a new equilibrium.
About this Document
4.60/5
Rating
Sep 03, 2025
Last updated
Related Exams
Document Description: Worksheet: Market Equilibrium- 1 for Commerce 2025 is part of Economics Class 11 preparation.
The notes and questions for Worksheet: Market Equilibrium- 1 have been prepared according to the Commerce exam syllabus. Information about Worksheet: Market Equilibrium- 1 covers topics
like Multiple Choice Questions, Match the Following, True or False, Very Short Answers, Short Answers and Worksheet: Market Equilibrium- 1 Example, for Commerce 2025 Exam. Find important definitions, questions, notes, meanings, examples, exercises and tests below for Worksheet: Market Equilibrium- 1.
Introduction of Worksheet: Market Equilibrium- 1 in English is available as part of our Economics Class 11
for Commerce & Worksheet: Market Equilibrium- 1 in Hindi for Economics Class 11 course.
Download more important topics related with notes, lectures and mock test series for Commerce
Exam by signing up for free. Commerce: Worksheet: Market Equilibrium- 1 | Economics Class 11 - Commerce
Description
Full syllabus notes, lecture & questions for Worksheet: Market Equilibrium- 1 | Economics Class 11 - Commerce - Commerce | Plus excerises question with solution to help you revise complete syllabus for Economics Class 11 | Best notes, free PDF download
Information about Worksheet: Market Equilibrium- 1
In this doc you can find the meaning of Worksheet: Market Equilibrium- 1 defined & explained in the simplest way possible. Besides explaining types of
Worksheet: Market Equilibrium- 1 theory, EduRev gives you an ample number of questions to practice Worksheet: Market Equilibrium- 1 tests, examples and also practice Commerce
tests
Related Searches
Sample Paper
,shortcuts and tricks
,Viva Questions
,MCQs
,Worksheet: Market Equilibrium- 1 | Economics Class 11 - Commerce
,ppt
,Objective type Questions
,Extra Questions
,Semester Notes
,Worksheet: Market Equilibrium- 1 | Economics Class 11 - Commerce
,video lectures
,Exam
,Worksheet: Market Equilibrium- 1 | Economics Class 11 - Commerce
,mock tests for examination
,practice quizzes
,past year papers
,Summary
,Important questions
,study material
,Previous Year Questions with Solutions
,Free
;
Additional Information about Worksheet: Market Equilibrium- 1 for Commerce Preparation
Worksheet: Market Equilibrium- 1 Free PDF Download
The Worksheet: Market Equilibrium- 1 is an invaluable resource that delves deep into the core of the Commerce exam.
These study notes are curated by experts and cover all the essential topics and concepts, making your preparation more efficient and effective.
With the help of these notes, you can grasp complex subjects quickly, revise important points easily,
and reinforce your understanding of key concepts. The study notes are presented in a concise and easy-to-understand manner,
allowing you to optimize your learning process. Whether you're looking for best-recommended books, sample papers, study material,
or toppers' notes, this PDF has got you covered. Download the Worksheet: Market Equilibrium- 1 now and kickstart your journey towards success in the Commerce exam.
Importance of Worksheet: Market Equilibrium- 1
The importance of Worksheet: Market Equilibrium- 1 cannot be overstated, especially for Commerce aspirants.
This document holds the key to success in the Commerce exam.
It offers a detailed understanding of the concept, providing invaluable insights into the topic.
By knowing the concepts well in advance, students can plan their preparation effectively.
Utilize this indispensable guide for a well-rounded preparation and achieve your desired results.
Worksheet: Market Equilibrium- 1 Notes
Worksheet: Market Equilibrium- 1 Notes offer in-depth insights into the specific topic to help you master it with ease.
This comprehensive document covers all aspects related to Worksheet: Market Equilibrium- 1.
It includes detailed information about the exam syllabus, recommended books, and study materials for a well-rounded preparation.
Practice papers and question papers enable you to assess your progress effectively.
Additionally, the paper analysis provides valuable tips for tackling the exam strategically.
Access to Toppers' notes gives you an edge in understanding complex concepts.
Whether you're a beginner or aiming for advanced proficiency, Worksheet: Market Equilibrium- 1 Notes on EduRev are your ultimate resource for success.
Worksheet: Market Equilibrium- 1 Commerce Questions
The "Worksheet: Market Equilibrium- 1 Commerce Questions" guide is a valuable resource for all aspiring students preparing for the
Commerce exam. It focuses on providing a wide range of practice questions to help students gauge
their understanding of the exam topics. These questions cover the entire syllabus, ensuring comprehensive preparation.
The guide includes previous years' question papers for students to familiarize themselves with the exam's format and difficulty level.
Additionally, it offers subject-specific question banks, allowing students to focus on weak areas and improve their performance.
Study Worksheet: Market Equilibrium- 1 on the App
Students of Commerce can study Worksheet: Market Equilibrium- 1 alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Worksheet: Market Equilibrium- 1,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Worksheet: Market Equilibrium- 1 is prepared as per the latest Commerce syllabus.
|
© EduRev
|
Education Revolution
|
|
Signup on EduRev and stay on top of your study goals
10M+ students crushing their study goals daily