CDSE 2014- II part iv
CDSE- Part- IV General Ability 61. Which of the following statements is / are true? 1. If increase in demand and supply are of equal magnitude, the price will remain unchanged, but the equilibrium quantity will increase. 2. If increase in demand is of greater magnitude thatn increase in supply, both equlilbrium price and equilirbium quantity will increase 3. If increase in supply is of greater magnitude than increase in demand, equlibrium price will fall but equlibrium quantity will increase. Which of the statements given about is / are correct ? a) 1 only b) 2 only c) 1 and 2 d) 1,2 and 3 62. A market in which there are large numbers of sellers of a particular product, but each seller sells somewhat differentiated but close products is termend as a) Perfect competition ...