PPSCFPSCNTSPakistan govt jobs
- Subject
- Marketeconomics-mcqs › market
- Published
- 31 May 2019
- Last updated
- 28 May 2026
Explanation
When the government imposes a price above the equilibrium level, the quantity supplied exceeds the quantity demanded, resulting in a surplus or excess supply in the market.
More Market MCQs
Practice related questions from the same subject.
- 1.Broadcasting firms use satellite TV subscriptions and signal detection tools primarily to combat which issue?
- 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?
- 6.Within the insurance sector, individuals who pose a greater risk tend to purchase insurance more frequently. What concept does this illustrate?
- 7.In a Nash equilibrium, how does each player select their strategy?
- 8.In a contestable market, how must existing companies act to prevent new competitors from entering?
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