Market and Price Determination-Market Types (CBSE Class-12 Economics): Questions 1 - 7 of 7

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Question number: 1

» Market and Price Determination » Market Types

One Liner Question▾

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What happens to equilibrium price of a commodity if there is ‘decrease’ in its demand and ‘increase’ in its supply?

Question number: 2

» Market and Price Determination » Market Types

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Explain the implication of the feature ‘Freedom of entry and exit of firms’.

Question number: 3

» Market and Price Determination » Market Types

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What induces new firms to enter an industry?

Question number: 4

» Market and Price Determination » Market Types

Appeared in Year: 2011

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When a firm is called ‘price-taker’?

Question number: 5

» Market and Price Determination » Market Types

Appeared in Year: 2012

Short Answer Question▾

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What is a price taker firm?

Question number: 6

» Market and Price Determination » Market Types

Short Answer Question▾

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Define market.

Question number: 7

» Market and Price Determination » Market Types

Essay Question▾

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What are ‘open market operations’? How do these work as a method of credit control?

Explanation

Open market operation means when central bank directly resorts to buy and sell securities in money market.

Credit control of bank has two types:

Quantitative credit control and Qualitative credit control

It establishes the economy by destroying the features which are responsible for increase in prices. Exercise effective control on… (2 more words) …

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