1) The price at which demand and supply are equal is called

2) The price, when the government imposes lower limit on the price of a good or service, is called

3) The situation in which demand is higher than supply

4) In a perfectly competitive market under free entry and exit, the equilibrium price is always equal to

5) Supply curve remaining unchanged, when demand curve shifts rightward;the equilibrium quantity

6) The government imposed upper limit on the price of a good or service is called

7) Selling goods at a higher price than the price fixed by government is called 

8) What is the equilibrium quantity in the equation, q^d = 20 - 2P, q^s = 5 + 3P

9) Match the following

A		B
a	Price higher than equilibrium price	i	Excess demand
b	Equilibrium price	ii	Excess supply
c	Price lower than equilibrium price	iii	Demand = Supply

10) q^d = 20 - 2P, q^s = 5 + 3P, then equilibrium price is 

11) Long run price under perfect competition will be equal to 

12) From the list of goods given below, find out the one which cannot be provided through market mechanism

13) Imposition of the price ceiling below the equilibrium price leads to 

14) The impact of floor price is 

15) Identify the below given diagram and name it

16) Floor price is to protect the interests of the

17) Price ceiling leads to 

18) When there is an increase in demand, the demand curve

19) Free entry and of firms imply that the market price will always be equal to 

20) Imposition of price floor leads to