CBSE Class 12 Economics Chapter 5 MCQ 2 — Market Equilibrium

Multiple choice question (MCQ) for CBSE Class 12 Economics Chapter 5 (Market Equilibrium). Practice with answer and detailed explanation.

❓ Question

State and explain the important laws/theorems related to Market Equilibrium.

A) Market Equilibrium is directly proportional to the applied force
B) Market Equilibrium remains constant under all conditions
C) Market Equilibrium varies according to the fundamental principle ✓ Correct Answer
D) None of the above statements about Market Equilibrium are correct

📖 Explanation

The correct answer is C because Market Equilibrium follows the fundamental principle that governs its behavior under given conditions. Understanding this concept is crucial for solving related problems in this chapter.

📚 About This Chapter

This chapter covers Market Equilibrium in Class 12 Economics. Students learn fundamental concepts and applications essential for academic success.

This MCQ tests your understanding of Market Equilibrium. Practice more MCQs to strengthen your grasp of key concepts and prepare effectively for CBSE board exams.

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