MCQGeeks
0 : 0 : 1
CBSE
JEE
NTSE
NEET
English
UK Quiz
Quiz
Driving Test
Practice
Games
Quiz
Science
Equilibrium State
Quiz 3
1
2
3
4
5
6
7
8
9
10
Q.1
What happens if there is surplus?
Sellers offer their products by lowering the price
Sellers offer their products by raising the price
Buyers are easy to find
Sellers stick to the price they are offering
Q.2
What do you call the amount where consumers get what they want and suppliers could sell what they’re offering?
Quantity Demanded
Quantity Supplied
Equilibrium price
Equilibrium quantity
Q.3
Equilibrium divides the demand curve in to two. What are these parts?
Buyers
Non Buyers
Sellers
Both A & B
Q.4
Equilibrium divides the supply curve in to two. What are these parts?
Non Sellers
Sellers
Buyers
Both A & B
Q.5
What do you call the difference between the maximum price a consumer is willing to pay and the actual price they do pay?
Surplus
Consumer Surplus
Shortage
Producer Surplus
Q.6
What is the amount that producers benefit by selling at a market price that is higher than the least that they would be willing to sell for?
Shortage
Surplus
Consumer Surplus
Producer Surplus
Q.7
Which is TRUE about shortage?
The quantity demanded is greater than the quantity supplied.
Buyers are easy to find because the quantity demanded is high.
Sellers take the opportunity to increase their price since there is an urgent need.
All of above
Q.8
What is a waste?
The price set by the supplier is higher than the price that the consumers are willing to pay at a given quantity.
The price set by the supplier is lesser than the price that the consumers are willing to pay at a given quantity.
Q.9
H2(g)+Cl2(g)⇌2HCl(g)The forward reaction is exothermic. What will happen to the equilibrium if the temperature is increased?
equilibrium shifts right
equilibrium shifts left
You cannot predict the effect
no change
Q.10
H2(g)+Cl2(g)⇌2HCl(g)Increasing the pressure will
shift equilibrium right
shift equilibrium left
You cannot predict the effect
have no change
0 h : 0 m : 1 s
1
2
3
4
5
6
7
8
9
10
Report Question
×
What's an issue?
Question is wrong
Answer is wrong
Other Reason
Want to elaborate a bit more? (optional)
Support mcqgeeks.com by disabling your adblocker.
×
Please disable the adBlock and continue.
Thank you.
Reload page