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

2) The situation in which demand is higher than supply

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

4) Supply curve remaining unchanged, when demand curve shifts rightward;the equilibrium quantity ………..

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

6) Selling goods at a higher price than the price fixed by government is called ……….

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

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

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

10) Match the following

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

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

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

14) Imposition of price floor leads to 

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

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

17) Price ceiling leads to 

18) Identify the below given diagram

19) Floor price is to protect the interests of the

20) The impact of floor price is 

21) Identify the below given diagram

22) Maximum price fixed for a product by the governtment is called 

23) Market equilibrium of a commodity shows 

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

25) A firm will demand labour upto the point where