Macroeconomics

MCQ - 28-4038

Question:

Corn is exchanged in a competitive market. Which of the following definitely increases the equilibrium price of corn?

Both supply and demand shift rightward.
Both supply and demand shift leftward.
Supply shifts to the right; demand shifts to the left.
Both supply and demand shift leftward.
The government imposes an effective price ceiling in the corn market.

Correct Answer: D

Explanation:

Combining a leftward supply shift with a rightward demand shift unambiguously raises the price.

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269 MCQ for effective preparation of the test of Macroeconomics of Economics section.

Read the MCQ statement: Corn is exchanged in a competitive market. Which of the following definitely increases the equilibrium price of corn? , keenly and apply the method you have learn through the video lessons for Macroeconomics to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 28-4038.

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Solve the question for MCQ No. and decide which option (A through D/E) is the best choice to answer the MCQ, then click/tap the blue button to view the correct answer and it explanation.

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