Question : Which of the following are the assumptions of determination of equilibrium output.

1. Price level is assumed to be constant.
2. The government expenditure is autonomous in nature.
3. Equilibrium output is to be determined in context of long run.

Option 1: Only 2
 

Option 2: Only 1&3
 

Option 3: Only 1
 

Option 4: All 1,2&3
 

Question : Determination of equilibrium level 
 

Option 1: AD=AS
 

Option 2: S=I
 

Option 3: Both A and B
 

Option 4: Neither A nor B
 

Question : Which factor affecting price determination is highlighted in the given statement?
Statement: It must reflect the interest of both buyers and  sellers.

 

Option 1: Product cost

Option 2: Utility and demand of the product

Option 3: Extent of competition in the market

Option 4: Government and legal regulations

Question : Which factor affecting price determination is highlighted in the given statement?
Statement: The decision is affected by various other elements of marketing such as distribution system,quality of salesman employed,etc

Option 1: Pricing objectives 
 

Option 2: Utility and demand of the product
 

Option 3: Marketing methods used
 

Option 4: Government and legal regulations

Question : Which factor affecting price determination is highlighted in the given statement?
Statement:  It cannot be fixed without considering the nature and the degree of competition.

 

Option 1: Product cost

Option 2: Utility and demand of the product

Option 3: Extent of competition in the market

Option 4: Government and legal regulations