If you fail, never give up because FAIL means 'First Attempt In Learning'.— A. P. J. Abdul Kalam

MAHA TET · Market and Supply-Demand · Quiz

Market and Supply-Demand — quick quiz

5 real MAHA TET questions on Market and Supply-Demand. Instant scoring and solutions, no signup — see where you stand in ~3 minutes.

Question 1 of 4

HARD

In a particular market, the equilibrium price of wheat is Rs 25 per kg. Due to drought, the supply of wheat decreases significantly while demand remains unchanged. Assuming the market adjusts to a new equilibrium, what will most likely happen?