MAHA TET · Concepts of Economics · Quiz
5 real MAHA TET questions on Concepts of Economics. Instant scoring and solutions, no signup — see where you stand in ~3 minutes.
Question 1 of 4
HARDThe equilibrium price in a market is determined where the quantity demanded equals the quantity supplied. In a village market, at Rs. 20 per kg, farmers are willing to supply 100 kg of tomatoes but buyers demand 150 kg. At Rs. 30 per kg, farmers supply 150 kg but buyers demand only 100 kg. At Rs. 25 per kg, both quantity demanded and quantity supplied are 125 kg. What can be concluded about the price of Rs. 20 per kg?