Class 11 Consumer Equilibrium MCQ
Class 11 Introduction to Microeconomics
Competency Based Questions
Ram, Krishna, Sita, and Radha made the following statements about farming and government policy.
Ram: My corn harvest this year is poor.
Krishna: Don’t worry, price increase will compensate for the fall in quantity supplied.
Sita: Climate affects crop yields; some years are good, some are bad.
Radha: The government ought to guarantee that our income should not fall.