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WORK SHEET - Price Determination - Introduction and Simple Applicative Tool

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37 views1 page

WORK SHEET - Price Determination - Introduction and Simple Applicative Tool

Uploaded by

dev
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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WORK SHEET

TOPIC- PRICE DETERMINATION – INTRODUCTION AND SIMPLE


APPLICATIVE TOOLS
1 MARK
1. When does the situation of excess demand arises?
2. When does the situation of excess Supply arises?
3. What changes takes place in the market when there is a situation of excess
demand?
4. What changes takes place in the market when there is a situation of excess
Supply?
5. Why is there a need to introduce Price ceiling in the market?
6. Why is there a need to introduce Price Flooring in the market?

3 Mark
7. Explain the sequence of changes in market when there is a situation of
excess demand? Explain the sequence of changes in market when there is a
situation of excess Supply?
8. What is the need of price flooring in the market? What government must do
to make it effective? Explain with Diagram
9. What is the need of price Ceiling in the market? What government must do
to make it effective? Explain With diagram
10. Show diagrammatically, the effect of price ceiling and price flooring in the
market.

AMITY INTERNATIONAL SCHOOL, SECTOR – 1 VASUNDHARA

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