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Social Science The Price Puzzle: What Drives the Market Class 9 Match the Following MCQ Questions

Match the Following MCQ 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 Match the Following MCQ 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
Match each example in Column I with the determinant of supply it illustrates in Column II.

Column I
(i) Ten tea stalls open on one street
(ii) Drip irrigation raises crop yield
(iii) Wholesalers hold back potatoes, expecting higher prices later
(iv) Sugar price rises, so more sugarcane is crushed, raising molasses supply too

Column II
(P) Future expectations
(Q) Number of sellers
(R) Technology
(S) Complements in production
Select an option to see the answer, or skip this question.
Question 2 of 5
Match each pair of goods in Column I with its type in Column II.

Column I
(i) Movie ticket and popcorn
(ii) Eraser and pencil
(iii) Laptop and desktop computer
(iv) Air conditioner and cooler

Column II
(P) Substitute goods
(Q) Complementary goods
Select an option to see the answer, or skip this question.
Question 3 of 5
Match each price situation in Column I with the correct outcome in Column II, based on Table 9.3.

Column I
(i) Rs 40 (Qd = 38 kg, Qs = 6 kg)
(ii) Rs 100 (Qd = 12 kg, Qs = 12 kg)
(iii) Rs 150 (Qd = 8 kg, Qs = 43 kg)

Column II
(P) Market equilibrium
(Q) Excess demand
(R) Excess supply
Select an option to see the answer, or skip this question.
Question 4 of 5
Match each real-world event in Column I with the market factor it illustrates in Column II.

Column I
(i) A new phone model launches with better features
(ii) A war blocks the transport of oil from other countries
(iii) Workers in a city get a pay rise
(iv) Interest rates on loans fall

Column II
(P) Wars and political events
(Q) Wages
(R) Interest rates
(S) Technology
Select an option to see the answer, or skip this question.
Question 5 of 5
Match each unfair trade practice in Column I with its description in Column II.

Column I
(i) Overcharging
(ii) Hoarding and black marketing
(iii) Monopoly pricing
(iv) False advertising

Column II
(P) A single seller uses its power over price to charge higher prices
(Q) An ad makes false claims about a product
(R) A shopkeeper charges more than the MRP
(S) Goods are stocked up to create a shortage, then sold at a high price
Select an option to see the answer, or skip this question.
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