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Social Science The Price Puzzle: What Drives the Market Class 9 Assertion and Reason Questions

Assertion Reasoning Quiz · Class 9 · Social Science · CBSE

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Chapter 9 - The Price Puzzle: What Drives the Market | 5 questions | about 4 minutes

Practise The Price Puzzle: What Drives the Market Class 9 with Teachoo's Assertion Reasoning Quiz (Class 9 · Social Science · CBSE). Practise these questions in a free interactive quiz with answer feedback.

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Question 1 of 5
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Question 1 of 5

Assertion (A): Assertion (A): The demand curve for mangoes slopes downward.

Reason (R): Reason (R): As the price of mangoes falls, buyers purchase a larger quantity.

Select an option to see the answer, or skip this question.
Question 2 of 5

Assertion (A): Assertion (A): A single cable TV operator in a town with no other choice can charge high fees and give poor service.

Reason (R): Reason (R): With no close substitute, a monopoly seller has significant power to set prices and output.

Select an option to see the answer, or skip this question.
Question 3 of 5

Assertion (A): Assertion (A): Wheat and chickpeas are called substitutes in production.

Reason (R): Reason (R): A farmer can grow either wheat or chickpeas on the same piece of land, and growing more of one usually means growing less of the other.

Select an option to see the answer, or skip this question.
Question 4 of 5

Assertion (A): Assertion (A): The government fixes a minimum wage for workers.

Reason (R): Reason (R): This is an example of a price floor, meant to ensure workers earn enough for their work.

Select an option to see the answer, or skip this question.
Question 5 of 5

Assertion (A): Assertion (A): At market equilibrium, there is no pressure for the price to rise or fall.

Reason (R): Reason (R): At equilibrium, there is neither a shortage nor a surplus in the market.

Select an option to see the answer, or skip this question.
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